Handset maker Nokia has launched a family of smartphones that run Android apps and are targeted at emerging markets. The Nokia X, will go on sale immediately, is priced from €89 and will be available in Asia-Pacific, Europe, India, Latin America, the Middle East and Africa.
A reclusive, 64 year old Japanese man was chased from his California home this week by rabid reporters, after a Newsweek article outed him as the mysterious Satoshi Nakamoto, creator of the Bitcoin protocol. The chase ended at a nearby sushi restaurant, where Nakamoto denied having anything to do with Bitcoin and just “wanted his free lunch”.
Finnish handset maker Nokia, in the process of being acquired by Microsoft, told Telecoms.com it intends to use its fresh line of Android handsets as a platform to entice users onto Windows-based smartphones.
Struggling handset maker Nokia saw a 17 per cent year on year drop in net sales for full year 2013, yet managed to turn in an operating profit of €519m versus an €821m operating loss in 2012.
Struggling device maker BlackBerry intends to sell the majority of its real estate in Canada. The firm has teamed up with commercial real estate services provider CBRE Limited to strategically divest its portfolio.
Infrastructure vendor NSN (Nokia Solutions and Networks) has announced that executive chairman Jesper Ovesen will step down from his role. Ovesen will depart upon the closing of the transaction this quarter, when tech giant Microsoft acquires Nokia’s devices and services business.
It’s a bit of a Daily Mail headline but it captures the sentiment expressed by web giant Google this week after the emergence of a ‘top secret Post-it note’ suggesting the NSA hacked the data links between Google’s private cloud and the public internet in order to access Google-hosted information.
Netflix is teaming up with Nokia to give UK buyers of the phone maker’s latest smartphones free access to the subscription video-on-demand service.
Smartphone operating system Windows Phone has seen its most successful quarter in five major European markets, according to research published this week. The platform won 9.2 per cent smartphone market share across Great Britain, Germany, France, Italy and Spain for the three months ended August 2013, according to Kantar Worldpanel ComTech.
The Nokia Microsoft drama went a bit Game of Thrones this week (thankfully without the gratuitous nudity) as accusations of back-room treachery came thick and fast.
Stephen Elop was cast as the villain of the piece, amid suggestions that the sale to Microsoft—and events between that sale and Elop’s arrival at Nokia—were part of a sophisticated, pre-conceived intrigue that has delivered Elop a rich personal reward. And when calls subsequently came for Elop to accept a lesser payoff for overseeing the sale, he reportedly claimed he needed the money to pay for his divorce.
The potentially outgoing CEO of Nokia, Stephen Elop, is set to receive a $25m payout for overseeing the sale of the Finnish handset maker to Microsoft, Elop’s previous (and future) employer.
There’s nothing like easing back into work after your summer holidays, is there? Whatever plans the Informer had for a gentle return were shattered by two of the biggest M&A announcements we’ve seen for some time. Neither depended on the element of surprise for their impact, though, as both had been much anticipated.
Recent merger and acquisition activity has illustrated how Europe’s telecoms sector is becoming weaker, according to top executives at operator trade association the GSMA. Speaking at the GSMA’s Mobile 360 event in Brussels, chairman Franco Bernabè, who is also CEO at Telecom Italia, said that deals such as Vodafone’s sale of its Verizon stake and Microsoft’s acquisition of Nokia suggests that Europe is no longer a leading region in the telecoms sector.
Following Microsoft’s announcement that it is to buy Nokia’s Devices & Services business for €5.44bn, industry analysts have had their say about what the future will hold for the two firms.
In a move that has been much predicted, Microsoft has announced that it is to buy mobile device partner Nokia in a €5.44bn all cash transaction. The deal will see Nokia’s Devices & Services business transferred to the US firm as the company opens a new chapter set on “accelerating the Windows ecosystem”.
Network infrastructure vendor Nokia Solutions and Networks (NSN) has seen its net sales drop by almost 15 per cent year on year to €2.76bn from €3.23bn in 2Q12 in the second quarter 2013.
Infrastructure vendor Nokia Siemens Networks (soon to be just Nokia) reported a year on year drop in sales of 17 per cent for 2Q13. Revenue generated by the firm dropped to €2.78bn from €3.34bn in the same period last year.
Finland’s Nokia said Monday it has agreed to acquire Siemens’ entire 50 per cent stake in equipment joint venture Nokia Siemens Networks for a total of €1.7bn.
Finnish handset manufacturer Nokia has posted a €150m operating loss for 1Q13. Viewed in context this should be encouraging; the loss is a fraction of the €1.338bn the firm lost in the same quarter in 2012.
However, net sales for the same period dropped 20 per cent year on year to €5.85bn from €7.35bn in 1Q12.
A pressure group with members including Microsoft, Oracle and Nokia has filed a complaint with the European Commission claiming that Google has used anti-competitive practices to dominate the mobile space. Fairsearch claimed that Google has unfairly cemented its control over consumers’ mobile internet experience and in online advertising for mobile.