Name: Nokia set to exit telecommunications joint venture with Huawei amid US-China tensions
Uploaded: 2024-01-21T06:12:08-05:00
Duration: 5 min
Description: Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of […]

Tag: Nokia

Nokia set to exit telecommunications joint venture with Huawei amid US-China tensions

Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of […]

Nokia Says It Won’t Meet Sales Outlook on Delayed License Deals

(Bloomberg) — Nokia Oyj said it won’t meet its full-year outlook for sales, operating margin and free cash flow because it hasn’t concluded license renewals for its technology unit. Most Read from Bloomberg The Finnish telecom company said it expected to reach agreements by year’s end, but now anticipates the deals won’t close until 2024. […]