Nokia taps AI boom with $2.3 billion Infinera purchase
By Supantha Mukherjee STOCKHOLM (Reuters) - Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to
Nokia to supply 5G radio equipment to Portugal’s MEO
By Abhinav Parmar and Supantha Mukherjee (Reuters) - Nokia is set to win a contract to supply 5G radio equipment to Portuguese telecoms operator MEO, according to an internal Nokia blog post and two sources familiar with the matter. Nokia is set
Mexico’s Megacable, Nokia announce successful data transmission test in connectivity plan
By Cassandra Garrison MEXICO CITY (Reuters) - Mexican telecommunications company Megacable said on Wednesday it executed a successful long-distance optical transmission test with Finnish telecom equipment supplier Nokia as it aims to scale up the capacity of its network. The transmission test
Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract
By Supantha Mukherjee STOCKHOLM (Reuters) - Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after losing a deal with a U.S.
Ericsson shares rally on AT&T network deal, Nokia drops
By Danilo Masoni (Reuters) - Ericsson shares rallied in early trading on Tuesday after AT&T chose the Swedish telecoms equipment maker over Finnish rival Nokia to build a network under a five-year deal that could see spending reach $14 billion. Ericsson rose
Nokia to cut up to 14,000 jobs after sales drop 20%
By Supantha Mukherjee STOCKHOLM (Reuters) - Finnish telecom gear group Nokia on Thursday said it will cut up to 14,000 jobs as part of a new cost savings plan after third-quarter sales drop 20% due to slowing sales of 5G equipment
Nokia renews patent license agreement with Apple
By Khushi Mandowara (Reuters) - Nokia said on Friday it had signed a new long-term patent license agreement with Apple, as the current license between the companies expires at the end of 2023. While terms of the agreement remain confidential between the
Nokia changes iconic logo to signal strategy shift
A mockup of the new Nokia logo. February 26, 2023. NOKIA/Handout via REUTERS By Supantha Mukherjee BARCELONA (Reuters) - Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo,
Nokia, Kyndryl extend partnership for private 5G factory networks
A cyclist rides past a Nokia logo during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman/File Photo By Supantha Mukherjee STOCKHOLM (Reuters) - Nokia and Kyndryl have extended their partnership for three years after clocking up more than