News

India`s Jio set to sign $1.7 billion deal with Nokia for 5G equipment India's Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion with Nokia this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter.  
India`s Jio set to sign $1.7 billion deal with Nokia for 5G equipment
India`s Jio set to sign $1.7 billion deal with Nokia for 5G equipment
Source: Reuters
6/07/2023 9:20:23 AM
Nokia, Apple sign long-term patent license agreement  Nokia has signed a new patent license agreement with Apple which will replace the current license that is due to expire at the end of 2023. Apple sued Nokia in 2009 for attempting to copy the iPhone as Nokia sued Apple for copyright violations. They settled in 2011. In 2016, they again filed lawsuits before reaching a deal in 2017 where Apple paid $2 billion to Nokia. The new license pact covers Nokia’s fundamental inventions in 5G and other technologies. Nokia will &ldqu...
Nokia, Apple sign long-term patent license agreement
Nokia, Apple sign long-term patent license agreement
Source: IANS
1/07/2023 9:42:47 AM
Nokia launches new budget smartphone `C32` in India HMD Global, the home of Nokia phones, on Tuesday launched a new budget-friendly smartphone 'C32', with a 50MP Dual camera in India. Nokia C32 comes in three colour variants -- Charcoal, Breezy Mint, and Beach Pink --with 7GB + 64GB and 7GB + 128 GB storage and memory configurations at Rs 8,999 and Rs 9,499, respectively, which are available to buy from the company's official website and key retail stores starting Tuesday. "The success of the Nokia C-series in India moti...
Nokia launches new budget smartphone `C32` in India
Nokia launches new budget smartphone `C32` in India
Source: IANS
23/05/2023 5:24:22 PM
Nokia joins Lightstorm to upgrade digital infrastructure in India Tech giant Nokia on Wednesday announced a partnership with digital infrastructure provider Lightstorm in India to boost optical networking infrastructure in the country. Nokia will supply the latest WDM optical network solutions for Lightstorm's network expansion into the eastern and northern regions. "Our partnership with Lightstorm showcases our industry-leading portfolio in optical networking which will be integral to the Digital India vision," said Vinish Bawa, Head of...
Nokia joins Lightstorm to upgrade digital infrastructure in India
Nokia joins Lightstorm to upgrade digital infrastructure in India
Source: IANS
19/04/2023 12:52:30 PM
Nokia joins Lightstorm to upgrade digital infrastructure in India  Tech giant Nokia on Wednesday announced a partnership with digital infrastructure provider Lightstorm in India to boost optical networking infrastructure in the country. Nokia will supply the latest WDM optical network solutions for Lightstorm's network expansion into the eastern and northern regions. "Our partnership with Lightstorm showcases our industry-leading portfolio in optical networking which will be integral to the Digital India vision," said Vinish Bawa, H...
Nokia joins Lightstorm to upgrade digital infrastructure in India
Nokia joins Lightstorm to upgrade digital infrastructure in India
Source: IANS
19/04/2023 12:36:44 PM
Narendra Modi meets Nokia chief Pekka Lundmark Prime Minister Narendra Modi on Monday met telecom major Nokia's President and CEO Pekka Lundmark, who called on him in the national capital. "A fruitful meeting with Mr. @PekkaLundmark in which we discussed aspects relating to technology and leveraging it for the welfare of society. We also discussed India's strides in building next-generation digital infrastructure," Modi tweeted after the meeting. The Prime Minister also tagged Lundmark's tweet, where the Nokia ...
Narendra Modi meets Nokia chief Pekka Lundmark
Narendra Modi meets Nokia chief Pekka Lundmark
Source: IANS
14/03/2023 9:34:57 AM
Nokia bolsters manufacturing of fibre broadband equipment in India Nokia on Thursday announced that it will extend manufacturing of fibre broadband equipment at its factory in Sriperumbudur near Chennai as the country enters the 5G era. The GPON optical line terminals (OLTs) will be manufactured at Nokia's Chennai factory amid increased demand from customers in India and worldwide, the company said in a statement. Nokia is currently a participant in the government's Production Linked Incentive (PLI) scheme, and is extending its production capac...
Nokia bolsters manufacturing of fibre broadband equipment in India
Nokia bolsters manufacturing of fibre broadband equipment in India
Source: IANS
9/02/2023 1:04:59 PM
Reliance Industries moves up as its arm selects Nokia, Ericsson as major suppliers for 5G radio access network Reliance Industries is currently trading at Rs. 2450.00, up by 40.00 points or 1.66% from its previous closing of Rs. 2410.00 on the BSE. The scrip opened at Rs. 2420.00 and has touched a high and low of Rs. 2463.00 and Rs. 2420.00 respectively. So far 154972 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the ...
Reliance Industries moves up as its arm selects Nokia, Ericsson as major suppliers for 5G radio access network
Reliance Industries moves up as its arm selects Nokia, Ericsson as major suppliers for 5G radio access network
Source: Accord Fintech
18/10/2022 3:10:42 PM
India`s Reliance Jio selects Nokia as equipment provider in 5G push Indian telecom service provider Reliance Jio has chosen Nokia as a major supplier, the Finnish telecom equipment maker said on Monday, as India's biggest mobile carrier gears up to expand next-generation wireless services across the country. Nokia will supply Reliance Jio, which has more than 420 million customers, with 5G radio access network (RAN) equipment in a multi-year deal, the company said in a statement. "Nokia will supply equipment from its AirScale portfolio, includi...
India`s Reliance Jio selects Nokia as equipment provider in 5G push
India`s Reliance Jio selects Nokia as equipment provider in 5G push
Source: Reuters
17/10/2022 2:40:39 PM
Nokia unveils feature phone with in-built wireless earbuds in India HMD Global, the home of Nokia phones, on Tuesday launched a new 4G feature phone -- Nokia 5710 XpressAudio -- in India that comes with in-built wireless earbuds. Priced at Rs 4,999, the new feature phone is now available on the company's official website and will be available across all online and offline stores from September 19. "The Nokia 5710 XpressAudio is the latest addition in our Nokia Classics portfolio. The new phone delivers audio freedom through game-changing design...
Nokia unveils feature phone with in-built wireless earbuds in India
Nokia unveils feature phone with in-built wireless earbuds in India
Source: IANS
13/09/2022 5:54:00 PM
New Nokia 2660 Flip launched at affordable price in India HMD Global, the home of Nokia phones, on Wednesday launched the new Nokia 2660 Flip phone that comes with signature features like a big display, big buttons, hearing aid compatibility, and an emergency button for Indian consumers. Priced at Rs 4,699, the Nokia 2660 is available across online and offline stores in black, blue and red colour options. "The latest portfolio additions reaffirm HMD Global's commitment to ensuring everyone has access to innovation," Sanmeet Singh...
New Nokia 2660 Flip launched at affordable price in India
New Nokia 2660 Flip launched at affordable price in India
Source: IANS
31/08/2022 3:13:22 PM
RailTel surges on partnering with CloudExtel Railtel Corporation Of India is currently trading at Rs. 97.55, up by 0.50 points or 0.52% from its previous closing of Rs. 97.05 on the BSE. The scrip opened at Rs. 97.10 and has touched a high and low of Rs. 98.05 and Rs. 97.10 respectively. So far 12328 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.90 on 20-Sep-2021 and a 52 week low of Rs. 84.00 on 31-Mar-2022. Last one week high and low of the scrip ...
RailTel surges on partnering with CloudExtel
RailTel surges on partnering with CloudExtel
Source: Accord Fintech
26/08/2022 12:39:06 PM
Airtel picks Nokia, Ericsson for 5G deployment in India As India completed its mega 5G spectrum auction, telecom service provider Bharti Airtel on Wednesday announced that it has awarded its 5G contract to tech giants Nokia and Ericsson in the country. Nokia said it will provide equipment from its market-leading AirScale portfolio, including modular and scalable baseband as well as high-capacity 5G massive MIMO radios. "Airtel has always believed that the real leverage of 5G technology will come from the capacity to build an ecosystem a...
Airtel picks Nokia, Ericsson for 5G deployment in India
Airtel picks Nokia, Ericsson for 5G deployment in India
Source: IANS
4/08/2022 10:31:01 AM
Wipro gains on extending five-year strategic engagement with Nokia Wipro is currently trading at Rs. 406.30, up by 1.10 points or 0.27% from its previous closing of Rs. 405.20 on the BSE. The scrip opened at Rs. 405.70 and has touched a high and low of Rs. 407.25 and Rs. 402.25 respectively. So far 26386 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 739.80 on 14-Oct-2021 and a 52 week low of Rs. 391.00 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. 417.7...
Wipro gains on extending five-year strategic engagement with Nokia
Wipro gains on extending five-year strategic engagement with Nokia
Source: Accord Fintech
27/07/2022 10:17:42 AM
Nokia bullish on India`s 5G roadmap: CEO As the global penetration rates for both fibre and 5G excluding China still remain very low, Nokia is bullish on the 5G roadmap in India which is an important country for the company, its President and CEO Pekka Lundmark has said. Speaking to analysts after its Q2 earnings call, the Nokia CEO said we have to remember that there are countries and regions which haven't even really started in 5G yet. "Obviously, India is one of the most important ones here. Latin America, the same...
Nokia bullish on India`s 5G roadmap: CEO
Nokia bullish on India`s 5G roadmap: CEO
Source: IANS
22/07/2022 1:58:40 PM
6G network will be available by 2030: Nokia CEO While the 5G network is yet to be available worldwide, global smartphone brand Nokia's CEO Pekka Lundmark has claimed that 6G mobile networks will be commercially available by 2030. Speaking at the World Economic Forum in Davos, Lundmark mentioned that he does not believe that smartphones will be the most "common interface", reports GizmoChina. "By then, definitely the smartphone as we know it today will not anymore be the most common interface," Lundmark was quo...
6G network will be available by 2030: Nokia CEO
6G network will be available by 2030: Nokia CEO
Source: IANS
29/05/2022 10:23:43 AM
Nokia C01 Plus 32GB variant launched in India HMD Global, the home of Nokia phones, on Monday launched the 32 GB internal storage variant of 'Nokia C01 Plus' smartphone in the Indian market. The Nokia C01 Plus is available in 2/16GB and 2/32 GB, configurations starting at Rs 6,299 and Rs 6,799 respectively, across leading offline retail stores, e-commerce platforms, and Nokia.com. Customers who choose to avail the JioExclusive offer will get an instant price support of Rs 600 on the best buy price, and will have to pay Rs 5...
Nokia C01 Plus 32GB variant launched in India
Nokia C01 Plus 32GB variant launched in India
Source: IANS
28/03/2022 6:10:07 PM
Nokia G50 starts receiving Android 12 update Finnish mobile phone manufacturer HMD, the parent company of Nokia, has started rolling out Android 12 update for its latest Nokia G50 smartphones. The Nokia G50's Android 12 update requires a download of 2.09GB. It has version number V2.160 and comes with the November 2021 Android security patch, reports GSMArena. Apart from Nokia G50, the Android 12 stable update is also available for Nokia X20 and Nokia X10. Nokia G50 offers a display of a 6.82-inch HD+ screen of 1640x720p res...
Nokia G50 starts receiving Android 12 update
Nokia G50 starts receiving Android 12 update
Source: IANS
2/01/2022 4:06:48 PM
India feature phone market down 21% as masses switch to smartphones The feature phone market declined 21 per cent (year-on-year) in the third quarter (Q3) this year, driven by continued consumer transition to smartphones, a report showed on Monday. itel (27 per cent), Lava (19 per cent), and Samsung (14 per cent) captured the top three spots. Nokia with 13 per cent, and Karbonn with 10 per cent market share summed up the top 5 list in the third quarter, according to latest CMR data. According to Prabhu Ram, Head-Industry Intelligence Group (IIG), CMR...
India feature phone market down 21% as masses switch to smartphones
India feature phone market down 21% as masses switch to smartphones
Source: IANS
9/11/2021 10:08:39 AM
Nokia, Vodafone Idea partner to trial 5G services using E-band Nokia on Wednesday announced its partnership with Vodafone Idea to trial 5G services through E-Band in areas where fiber is challenging to deploy. "We are delighted to partner with Vi in trials to deliver 5G services by connecting smallcells and macrocells with fiber-like speed through E-Band, in areas where fiber is challenging to deploy," the company said in a tweet. For the trial, the brand has connected small cells and macrocells with "fiber-like" speed through t...
Nokia, Vodafone Idea partner to trial 5G services using E-band
Nokia, Vodafone Idea partner to trial 5G services using E-band
Source: IANS
3/11/2021 1:44:45 PM
Nokia T20 tablet launched in India starting at Rs 15,499 HMD Global, the home of Nokia phones on Monday launched its new tablet 'Nokia T20' in the Indian market at a starting price of Rs 15,499. The device comes with a 2K display, Unisoc T610 Octa-Core processor, 8MP rear camera, 8200mAh battery and more. "At HMD, we keep a close track of the evolving requirements of consumers from a technology standpoint. We have witnessed that tablet usage has grown immensely in the past one year," HMD Global VP Sanmeet Singh Kochhar said ...
Nokia T20 tablet launched in India starting at Rs 15,499
Nokia T20 tablet launched in India starting at Rs 15,499
Source: IANS
1/11/2021 4:55:13 PM
Nokia G50 5G phone may debut at October 6 HMD Global launch HMD Global, the home of Nokia phones has confirmed a new product launch event set for October 6. During the event, smartphone maker may launch new few feature phones, smartphones as well as a tablet. If the rumours are true we should see the debut of the Nokia G50 5G smartphone and T20 Android tablet among others, reports GSMArena. The tablet is expected to feature a 10.36-inch display, 4GB of RAM, 64GB of storage, a Unisoc processor, and will be available in Wi-Fi and 4G variants. T...
Nokia G50 5G phone may debut at October 6 HMD Global launch
Nokia G50 5G phone may debut at October 6 HMD Global launch
Source: IANS
21/09/2021 11:22:41 AM
Nokia lifts full-year forecast as turnaround takes root HELSINKI - Telecom equipment maker Nokia reported a stronger-than-expected second-quarter operating profit on Thursday and raised its full-year outlook as promised, thanks to a turnaround of its business. The Finnish company's April-June comparable operating profit rose to 682 million euros ($808.51 million) from 423 million euros a year earlier, beating the 408-million euro mean estimate in a Refinitiv poll of analysts. Shifting geopolitics and a sharp round of cost cutting ha...
Nokia lifts full-year forecast as turnaround takes root
Nokia lifts full-year forecast as turnaround takes root
Source: Reuters
29/07/2021 10:48:02 AM
Nokia unveils 3 smartphones, audio portfolio HMD Global, the home of Nokia phones, has announced three new smartphones and a new audio portfolio. The new devices are Nokia XR20, Nokia 6310 and Nokia C30, along with audio accessories. "We are delighted to announce the Nokia XR20 -- a life-proof phone with our trademark sleek, Nordic design that we built for both consumers and enterprises," said Florian Seiche, CEO, HMD Global. "We also grow our refreshed X-series and C-series with two shining examples of what thes...
Nokia unveils 3 smartphones, audio portfolio
Nokia unveils 3 smartphones, audio portfolio
Source: IANS
27/07/2021 1:59:20 PM
Nokia G20 with longer battery life in India for Rs 12,999 HMD Global, the home of Nokia phones, on Monday launched Nokia G20 for Rs 12,999 in India. The 4GB+64GB device will be available on Nokia.com/phones and Amazon starting July 15. "The Nokia G20 is one of our most important launches in 2021. It offers our fans a holistic device with great performance thanks to our unique Android promise as well as our superior build quality that together give you a device that's built to last," said Sanmeet Singh Kochhar, Vice President, HMD...
Nokia G20 with longer battery life in India for Rs 12,999
Nokia G20 with longer battery life in India for Rs 12,999
Source: IANS
6/07/2021 12:47:15 PM
Nokia gets on 5G growth path as new strategy takes shape STOCKHOLM  - Finnish telecom network equipment maker Nokia on Thursday showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14%. Nokia and Swedish rival Ericsson have been gaining more customers as telecom operators start rolling out 5G networks and China's Huawei faces curbs from a growing number of governments over security concerns. "This year we are seeing great ...
Nokia gets on 5G growth path as new strategy takes shape
Nokia gets on 5G growth path as new strategy takes shape
Source: Reuters
29/04/2021 3:59:43 PM
Nokia joins LG Uplus to tap S Korea`s 5G equipment market Nokia, a Finnish telecom equipment giant, said on Monday it has signed an agreement with South Korean mobile carrier LG Uplus to install its next-generation indoor 5G equipment in the country. Nokia said it will deploy its small cell AirScale Indoor systems in indoor locations across the country, including shopping malls and office buildings, for LG Uplus' 5G network. The system allows seamless 5G connectivity between indoor and outdoor locations and can be easily upgraded to accomm...
Nokia joins LG Uplus to tap S Korea`s 5G equipment market
Nokia joins LG Uplus to tap S Korea`s 5G equipment market
Source: IANS
19/04/2021 1:20:45 PM
Nokia maker HMD Global introduces 6 new phones HMD Global, the maker of Nokia phones and accessories, has launched six new smartphones -- Nokia X20, Nokia X10, Nokia G20, Nokia G10, Nokia C20 and Nokia C10 -- in three distinct series with innovative features. At top of the new portfolio are the Nokia X20 and Nokia X10, powered by the latest Qualcomm Snapdragon 480 5G Mobile Platform, Android 11 straight out of the box, ZEISS Optics and innovative AI solutions. With a wide 6.67-inch Full HD+ punch-hole display, Nokia X20 and Nokia X1...
Nokia maker HMD Global introduces 6 new phones
Nokia maker HMD Global introduces 6 new phones
Source: IANS
9/04/2021 10:55:55 AM
Nokia sees pick up in margins as turnaround takes shape STOCKHOLM/HELSINKI  - Nokia, which announced thousands of job cuts this week, is forecasting a pick up in profit margins to 10%-13% in 2023 as new Chief Executive Pekka Lundmark charts a course to catch up with rivals in the race to deliver 5G networks. Nokia, which has lost out to Sweden's Ericsson and China's Huawei in the battle for work on next generation 5G networks, had last year cut its 2020 operating margin guidance to 9% from 9.5% and forecast 7%-10% for 2021. Lund...
Nokia sees pick up in margins as turnaround takes shape
Nokia sees pick up in margins as turnaround takes shape
Source: Reuters
19/03/2021 8:55:09 AM
Nokia sees operating margin rising to 10-13% in 2023 HELSINKI - Finnish telecom equipment maker Nokia sees its comparable operating margin growing to 10-13% in 2023, it said on Thursday. Nokia said in a statement ahead of presentations to investors later in the day that it also expected to grow faster than the market in 2023. "We have a clear and detailed plan for how we will reset the business, accelerate competitiveness and scale up our lead in the markets we choose to play in," Chief Executive Officer Pekka Lundmark said. ...
Nokia sees operating margin rising to 10-13% in 2023
Nokia sees operating margin rising to 10-13% in 2023
Source: Reuters
18/03/2021 12:48:22 PM
Nokia to lay off 10K employees, plans investment in 5G, Cloud Nokia has announced it will lay off 10,000 employees in the next two years as part of its restructuring plans, reset its cost bases and invest in R&D and future capabilities including 5G, cloud and digital infrastructure. On a group level, this is expected to lower the company's cost base by approximately 600 million euros by the end of 2023. These savings will offset increased investments in R&D, future capabilities and costs related to salary inflation. "Planned re...
Nokia to lay off 10K employees, plans investment in 5G, Cloud
Nokia to lay off 10K employees, plans investment in 5G, Cloud
Source: IANS
17/03/2021 3:50:50 PM
Nokia to cut up to 10,000 jobs over next 2 years STOCKHOLM  - Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities. It said in a statement it expects about 600 million euros ($715 million) to 700 million euros of restructuring and associated charges by 2023. ($1 = 0.8389 euros)   (Reporting by Supantha Mukherjee; editing by Niklas Pollard)
Nokia to cut up to 10,000 jobs over next 2 years
Nokia to cut up to 10,000 jobs over next 2 years
Source: Reuters
16/03/2021 1:54:01 PM
Nokia signs patent license pact with Samsung STOCKHOLM - Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday. While the companies did not disclose the financial terms of the agreement, Samsung will make royalty payments to Nokia. Nokia's patent portfolio is composed of around 20,000 patent families, including over 3,500 declared essential to 5G. The deal comes months after rival Ericsson filed a lawsuit in the United States against...
Nokia signs patent license pact with Samsung
Nokia signs patent license pact with Samsung
Source: Reuters
11/03/2021 12:15:16 PM
Nokia 5.4 comes as well-priced smartphone with lots of promises  HMD Global has launched a slew of devices in India including the Nokia 5.4 and Nokia 3.4 smartphones as well as its TWS (truly wireless stereo) earbuds called the Nokia Power Earbuds Lite. Nokia had been teasing the launch of the 5.4 and 3.4 for quite some time now. Nokia 3.4 is priced at Rs 11,999 for the sole 4GB + 64GB variant, while Nokia 5.4 is offered in two configurations, 4GB + 64GB for Rs 13,999 and 6GB + 64GB for Rs 15,499. We used the base variant of Nokia 5.4 for ar...
Nokia 5.4 comes as well-priced smartphone with lots of promises
Nokia 5.4 comes as well-priced smartphone with lots of promises
Source: IANS
21/02/2021 12:18:29 PM
Nokia's fourth-quarter revenue beat expectations HELSINKI  - Finnish telecom network equipment maker Nokia on Thursday reported better-than-expected fourth-quarter revenue amid a strategy revamp from new CEO Pekka Lundmark. Nokia said its October-December revenue fell 5% to 6.57 billion euros, beating a consensus figure of 6.42 billion, Refinitiv Eikon data showed.   (Reporting by Tarmo Virki in Helsinki and Supantha Mukherjee in Stockholm; Editing by Tom Hogue)
Nokia's fourth-quarter revenue beat expectations
Nokia's fourth-quarter revenue beat expectations
Source: Reuters
4/02/2021 11:47:57 AM