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Nokia accelerates cost-cutting after market slowdown
2016-05-10 08:36:00| Telecompaper Headlines
(Telecompaper) Nokia reported a 9 percent fall in pro forma first-quarter sales to EUR 5.603 billion, hurt by the slowdown in the mobile networks markets. Operating profit rose to EUR 345 million from EUR 276 million a year ago, on a pro forma basis for the merger with Alcatel-Lucent. The net result was a loss of EUR 613 million versus a profit of EUR 139 million a year earlier, due to merger-related charges. Nokia confirmed it has started the earlier announced job cuts and was pushing ahead quickly with the realisation of synergies from the Alcatel deal. It now expects to exceed to target of EUR 900 million in operating cost savings for 2018. The focus on the integration this year as well as a weak market outlook are expected to lead to a decline in adjusted sales and operating margin this year at the Networks business this year.
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Nokia posts loss in Q1 2016 as sales decline
2016-05-10 02:00:00| Total Telecom industry news
Sales from networks business fall 8% due to 'challenging environment' in mobile networks.
Nokia to buy mHealth devicemaker Withings for EUR 170 mln
2016-04-26 09:20:00| Telecompaper Headlines
(Telecompaper) Nokia is expanding in the healthcare market with the acquisition of Withings, a French provider of digital health products and services. Healthcare is expected to be one of the largest vertical markets in the Internet of Things, Nokia noted. In particular mobile health, with a CAGR of 37 percent, will be the fastest growing healthcare segment from 2015-2020. Withings' portfolio of regulated and unregulated products includes activity trackers, weighing scales, thermometers, blood pressure monitors, and home and baby monitors. These products work over a digital health platform that provides insights to empower people to make decisions about their health and wellbeing. Nokia will pay EUR 170 million cash for the company.
Nokia buys m-health kit maker Withings
2016-04-26 02:00:00| Total Telecom industry news
Acquisition strengthens Finnish vendor's IoT position; deal expected to close in third quarter.
Swisscom deploys 4K Ultra HD with Nokia
2016-04-18 19:20:25| Digital TV News
Nokia has announced that Swisscom has deployed the Nokia 5910 Video Services Appliance (VSA) to deliver its Swisscom TV 2.0 service, including 4K Ultra High Definition, to subscribers - the largest digital TV customer base in Switzerland.
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