Once the world's biggest maker of mobile phones, the Finnish firm was wrongfooted by the rise of smartphones and eclipsed by Apple and Samsung. It sold its handset business to Microsoft in late 2013 a...
The three automaker partners - Daimler BMW and Volkswagen's premium division Audi - will each hold an equal stake in HERE and none of them seeks to acquire a majority interest, they said in a join...
The device, showcased at an event in Los Angeles, takes video and audio in 360 degrees with eight sensors and microphones, and is the first from Nokia's digital media solutions business-one of its...
"Let's give it more time...We may not end up selling it if we don't get the right value," CEO Rajeev Suri told a trade magazine.
Overall revenue at Nokia's network unit was slightly ahead of expectations, but profits dropped 61 percent from a year ago due to lower software sales.
Nokia on Wednesday confirmed it had started a strategic review of its map business, HERE, after announcing a takeover of network equipment rival Alcatel-Lucent.
The deal will be finalised in the first half of 2016 and is expected to result in 900 million euros of operating cost savings by the end of 2019, the companies said.
The company has denied reports in Chinese media that it intends to manufacture consumer handsets out of a R&D facility in China.
Rajeev Suri, 46, until now led Nokia Solutions and Networks, the smaller network equipment unit of Nokia when the company still made mobile phones. He is credited with turning the unit around, and las...
Nokia said that due to an ongoing tax dispute with Indian authorities, it would operate the Chennai factory as a contract manufacturing unit for Microsoft. The company also said it will close a plant ...
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