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.
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.
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.
Device vendor Nokia has poached Taiwanese rival HTC’s EMEA president Florian Seiche. Seiche will head the Finnish firm’s European sales team from June 15, while HTC will replace him with EMEA VP product and operations Phil Blair.
Nokia has made strides in restoring its reputation among its UK consumers, according to research from YouGov. The market research expert’s Smartphone Mobile Internet eXperiences tracker (SMIX) shows that the Finnish firm substantially improved its levels of customer advocacy and loyalty during the last three months of 2012.
The introduction of Nokia Asha 310 is clear evidence that the gap in the user experience between entry-level smartphones and feature phones is blurring. This phone mimics to perfection key aspects of a smartphone including touch/gesture UI, support for various connectivity solutions, storage footprint, and most importantly support for more popular applications and multimedia content.
Today the Informer feels like he has woken up in a parallel universe; one in which Apple is being vilified for its quarterly financial performance, while Nokia recorded an actual profit.
Struggling handset maker Nokia has posted an operating profit of €439m in 4Q12, up from a loss of €954m recorded in the same quarter of 2011. Despite the turnaround, the Finnish firm saw quarterly sales drop year-on-year from €10bn to €8.04bn.