By Supantha Mukherjee STOCKHOLM (Reuters) – Nokia’s bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog […]
Tag: Nokia
Nokia to acquire Infinera in $2.3 billion deal to scale up optical network
(Reuters) -Nokia will acquire Infinera Corp in a deal with an enterprise value of $2.3 billion, the companies said on Thursday, as the Finnish firm looks to expand its optical network business, especially in the North American market. Shares of Infinera surged nearly 22%. The deal price of $6.65 per share represents a premium of […]
Nokia 3210 relaunched to mark handset’s 25th anniversary
One of the most popular early mobile phones – the Nokia 3210 – has been relaunched to mark the device’s 25th anniversary. Human Mobile Devices (HMD), the maker of Nokia phones, said it had relaunched the “cultural icon” as demand for simpler devices as part of a digital detox was rising. The revamped 3210 includes […]
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A Ukraine pilot said flying ‘awesome’ F-16s is like upgrading from an old Nokia to an iPhone
An F-16 fighter jet at the Volkel Air BaseREUTERS/Piroschka van de Wouw A Ukrainian pilot training to fly F-16s said it was like upgrading from a Nokia to an iPhone. He said the jets were “awesome” but had more complex electronic systems than Soviet-made jets. The first F-16 fighter jets should be delivered to Ukraine this […]
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Why Nokia Stock Jumped 12.6% Thursday Morning
Shares of Nokia (NYSE: NOK) found a crystal-clear wavelength on Thursday, Jan. 25. The Finnish provider of wireless phone network systems and related services reported fourth-quarter earnings early in the morning, sending the stock as much as 12.6% higher after the market open. The raw results were far from impressive, but management made up for […]
Nokia sales and profit drop as economic challenges lead to investment cutbacks
Nokia has reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. The Espoo, Finland-based company reported net profit of 568 million euros (£485 […]
Nokia sales and profit drop as economic challenges lead to cutback on 5G investment
HELSINKI (AP) — Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. The Espoo, Finland-based company reported net profit of […]
Nokia Says Network Infrastructure Demand May Pick Up in 2024
(Bloomberg) — Nokia Oyj said it might see a pickup in the second half of the year as its internet network infrastructure business brings in sales and cost-cutting measures pay off. Most Read from Bloomberg The Finnish telecom said it expects adjusted operating profit for 2024 to be €2.3 billion to €2.9 billion ($2.5 billion […]