Alcatel Lucent

Nokia to cut 1,233 jobs at French subsidiary Alcatel-Lucent

The maker of telecoms equipment informed French unions about the planned job cuts ahead of a works council in the morning.

Nokia says could cut 597 jobs in France by end-2019 to save 1.2 billion euros

The job cuts would concern central and support functions within Alcatel-Lucent International and Nokia Solutions Networks France, which employ a combined 4,200 people in the country, a Nokia spokeswoman told Reuters in an e-mail.

Nokia seeks to buy Comptel for $370 mn

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.

Nokia sees network market down in 2017, modest growth in 2018

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.

Nokia completes Alcatel-Lucent acquisition

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.

Nokia posts weak quarterly profits, lifts cost-cut target

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.

Nokia could cut 10,000-15,000 jobs worldwide

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.

India slaps anti-dumping duty on telecom gear from Huawei, ZTE

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.

Nokia, Samsung expected to settle patent dispute within days

Nokia entered into a binding arbitration with South Korea's Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014.

Nokia gains control of Alcatel-Lucent

Nokia said that the French stock market authority has declared the offer successful, with interim results showing that Nokia would hold around 79 percent of Alcatel shares.

NSE FinWiz visits Alcatel-Lucent

NSE FinWiz visited Alcatel-Lucent in Gurgaon with the country's finest experts to advice and educate the young employees on investments and financial planning.

Nokia closes sale of its HERE maps to BMW, Audi, Mercedes

Nokia said its net proceeds from the deal would be around 2.55 billion euros (USD 2.78 billion), in line with its original estimate. The deal was initially estimated to close in the first quarter of 2016.

Nokia shareholders approve Alcatel-Lucent acquisition

The authorization for the Nokia board to finalize the takeover came at an extraordinary general meeting Tuesday following last month's launch of a public exchange offer for all outstanding Alcatel shares.

Nokia remains bullish about Africa biz despite eco slowdown

Nokia, which sold its once-dominant mobile handset business to Microsoft in 2014, deals in Africa mostly with telecommunications operators and governments, both of which have been hit by weaker currencies and slower economic growth.

Nokia CEO says Alcatel buy will increase its 5G firepower

The deal coincides with a major new industry investment cycle set to kick off next year to develop the next generation of 5G networks that are expected to start going mainstream around 2020, Rajeev Suri said.

Nokia appoints Sandeep Girotra designated head for India

The company said Girotra would oversee the combined company's customer operations across India, driving the execution of strategy and ensuring superior customer service, underpinned by a strong focus on innovation and quality.

Nokia's heads to control leadership team after Alcatel deal

Nokia said it planned to report its results as two divisions, Networks business and Nokia Technologies, which includes patents and new technologies.

Alcatel-Lucent chief defends 14 mn-euro payout

Michel Combes, who has headed the French-American company since 2013, told the business daily Les Echos that the payments were not linked to the 15.6-billion-euro deal to create the world's biggest supplier of mobile phone network equipment, but the fact he had turned around Alcatel-Lucent's fortunes and its share price.

Nokia agrees on China joint venture with Huaxin

According to a memorandum of understanding, Nokia said it expects to hold 50 percent plus one share in the new joint venture, with Huaxin holding the remaining shares.

CCI clears Nokia's proposed purchase of Alcatel-Lucent

Giving its green signal, the fair trade regulator said the transaction is not likely to have an adverse impact on competition in India. In April, Nokia had announced the all-stock deal worth 15.6 billion euros (USD 16.6 billion) to acquire Alcatel-Lucent.