Feb 10, 2017 at 11:13 | Source: Reuters
Nokia and its rivals, Sweden's Ericsson and China's Huawei have struggled recently as demand for faster 4G mobile broadband equipment has peaked and the move to the next-generation 5G networks are still years away.
Feb 02, 2017 at 14:12 | Source: PTI
The firm recorded a net loss of 766 million euros (USD826 million) last year, which chief executive Rajeev Suri described in a statement as a "year of transition."
Nov 15, 2016 at 14:30 | Source: Reuters
The Finnish company set out its outlook on Tuesday at an investor meeting in Barcelona, where it warned markets for networks equipment next year would decline in Europe, Greater China and Latin America, while remaining flat in North America, Middle East Africa and Asia, outside China.
Nov 11, 2016 at 10:57 | Source: Reuters
Ericsson shares, which have slumped 44 percent this year, rose 3.7 percent on Thursday after the Swedish firm gave a new outlook that was less bearish than some analysts had expected and said its Cisco partnership was gaining momentum.
Nov 02, 2016 at 22:00 | Source: PTI
Nokia, the world's number one mobile phone maker for more than a decade until 2012, had struck a deal to buy the other firm in April 2015 but has struggled to buy up the remaining shares to gain full control of the company.
Aug 04, 2016 at 11:16 | Source: Reuters
Nokia also on Thursday lifted its cost-cutting target for the 15.6 billion euro merger, sealed earlier this year, saying it was now seeking annual savings of 1.2 billion euros in the course of 2018, compared to above 900 million euros previously.
May 24, 2016 at 15:38 | Source: Reuters
Nokia kicked off the programme in April with a target to slash 900 million euros (USD 1 billion) of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total.
May 10, 2016 at 21:26 | Source: PTI
Helsinki, May 10 (AP) Nokia reported today a first-quarter net loss of 513 million euros (USD 584 million) due tolower demand in mobile networks as well as the impact of itsacquisition of Alcatel-Lucent, and warned of a further declinein earnings.
May 10, 2016 at 12:00 | Source: Reuters
In its first unified earnings report since taking control of rival Alcatel-Lucent in January, Nokia also nudged up its cost-cutting target for the merger, saying it was now seeking savings of "above" 900 million euros (USD1 billion) in the course of 2018, compared with "approximately" 900 million euros previously
Apr 27, 2016 at 12:20 | Source: PTI
The restrictive duty imposed on import of 'Synchronous Digital Hierarchy Transmission Equipment (SDHTE)' from China ranges between 9.42 per cent and 86.59 per cent of the landed (cost, insurance and freight or CIF) value.