Nokia will issue about 166 million shares to Nvidia at $6.01 apiece, giving Nvidia a 2.9% stake in the Finnish company, the companies said
China has tightened restrictions on European telecom firms Nokia and Ericsson, subjecting them to lengthy national security reviews, reducing their market share to 4% in 2024, and boosting Chinese rivals like Huawei.
Under the agreement with Ericsson India, the partners will set up an Ericsson 5G Centre of Excellence at BRBRAITT, offering hands-on training and online learning under the Ericsson Educate Program for more than 2,000 students annually.
Though the brand still carries nostalgic weight, Nokia phones haven’t cracked the top ranks in the US smartphone market, where Apple and Samsung reign supreme.
Nokia Bell Labs has been developing cutting-edge communication systems for future lunar missions, with the aim of supporting the growing global interest from governments, such as India, and private space enterprises in establishing a permanent presence on the Moon and, eventually, Mars.
NASA's latest mission introduces mobile connectivity to the lunar surface with the Athena lander, enabling reliable communication for future Moon missions, including the Artemis programme, through a collaboration with Nokia.
The latest annoucment follows a recent "multi-year, multi-billion extension deal" between Airtel and Nokia to deploy 4G and 5G equipment across key Indian cities and states. Nokia's European rival Ericsson also won a similar deal from Airtel late last year.
Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel, according to the chipmaker's website
Malik brings more than two decades of experience in the global telecom industry, having held various senior leadership positions at Nokia. He served as the Senior Vice President and India Country Head for nearly eight years, steering Nokia India to a market leadership position.
Bharti Airtel said Nokia will modernize its existing 4G network with equipment that can also support 5G.
Vodafone Idea is expanding its 4G network coverage to reach an additional 20 million people by March 2025, CTO Jagbir Singh has said
The collaboration will produce up to one crore devices every year, tapping the growing demand for broadband connectivity.
In an interaction with Moneycontrol, India's head Tarun Chhabra said telcos have started expanding their 4G and 5G networks due to rising data traffic and to cover the remaining 5-6 percent population, especially in rural parts of the country
Nokia is eliminating nearly 2,000 positions in Greater China. Furthermore, the company is also looking to cut an additional 350 jobs in Europe
The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs, said the report
Airtel’s latest renewal came weeks after Vodafone Idea signed $3.6 billion equipment deals with all three equipment vendors to expand its 4G network and gradually roll out 5G services.
This ambitious project aims to improve energy efficiency across Airtel's extensive 4G/5G Radio Access Network by using AI/ML technologies, advanced software features, and innovative solutions.
In 2019, Nokia won nine circles from Vodafone Idea, while Ericsson bagged eight. Chinese gear vendors Huawei and ZTE bagged seven and five circles, respectively. All five circles of ZTE were shared with another vendor.
Vodafone Idea has relied on its existing long-term partners, Nokia and Ericsson for its capacity expansion while also onboarding a new partner in the form of Samsung.
As a key hub for fixed networks, this investment will further strengthen Nokia’s technology innovations in 10G, 25G, 50G and 100G PON, fixed wireless access, Wi-Fi and MDU solutions, and access network and home controllers
Tamil Nadu CM MK Stalin is visiting the US to attract investments to the state
Despite delays in clearing vendor dues, Vi's senior management remains confident that operational creditors, including Nokia, will continue to support the company.
The Finnish company is now shifting its focus to promoting its brand, HMD, for smartphones in a strategic effort to revitalise its market presence, where it has struggled since its 2016 entry.
Nokia is in talks to secure fresh 4G and 5G equipment orders from Vodafone Idea
Its comparable operating profit fell to 423 million euros ($462.38 million), from 619 million euros in the same quarter a year earlier.