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Nokia phone maker HMD Global raises USD 280 mln to expand business

2020-08-11 15:42:00| Telecompaper Headlines

(Telecompaper) HMD Global, the maker of Nokia brand phones, announced it has raised USD 280 million in new financing from investors. The money will go to strengthening its product offering, including 5G devices and new services, and expanding in new markets, such as Brazil, India and Africa. 

Tags: business phone global expand


Nokia restores guidance as margins improve in Q2, sales down 11%

2020-07-31 08:47:00| Telecompaper Headlines

(Telecompaper) Nokia reported second-quarter sales down 11 percent year-on-year to EUR 5.09 billion, hurt by the effects of the Covid-19 pandemic and weakness in China. However, the company continued to improve profitability, thanks to its restructuring, and adjusted net earnings rose 20 percent to EUR 0.06 per share. With the impact of the pandemic less than expected in Q2, the group returned to its previous guidance for the full year. 

Tags: down sales improve nokia


Nokia releases 5G standalone platform for private networks

2020-07-21 09:24:00| Telecompaper Headlines

(Telecompaper) Nokia has launched a new platform for industrial companies developing their own 5G standalone private networks. Sandvik Mining and Rock Technology is among the first to use it, at a test mine in Tampere, Finland. 

Tags: private releases networks platform


China considers export controls on Ericsson, Nokia if more countries ban Huawei - report

2020-07-21 08:39:00| Telecompaper Headlines

(Telecompaper) China is considering export controls on Nokia and Ericsson if more European countries follow the UK in banning Huawei from their 5G networks, people familiar with the matter told the Wall Street Journal.

Tags: report china countries export


Nokia delivers software to update legacy 4G radio units to 5G

2020-07-14 10:34:00| Telecompaper Headlines

(Telecompaper) Nokia announced the availability of a software-based upgrade that will enable its 4G radios to be migrated to 5G/NR. These features provide immediate support for approximately 1 million radios and should reach 3.1 million by the end of the year and over 5 million in 2021. 

Tags: to software radio update


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