In a statement Finnish telecoms giant Nokia said it plans on trimming up to 10,000 jobs within the next two years. The cost cutting move is aimed at boosting its research capabilities. In a statement Nokia said, it expects to incur around 600 million euros to 700 million euros in restructuring and associated charges by…
On Thursday, Finland’s Nokia Oyj stated, it has entered into partnership with Intel to speed up the shift to 5G. The announcement comes a day after a similar deal was made with Marvell Technology. Nokia has struggled to speed up the development of its Reefshark system on chips (SoC), which has been slower-than-expected; Nokia’s Reefshark…
Nokia is focussing more resources to develop its system on chip integrated circuits. On Wednesday, in a statement, Finnish giant Nokia said, it has hired hundreds of engineers in Finland during 2019 in order to speed up development of its 5G solution. Last week, Nokia, which has competitors such as Ericsson and Huawei, had slashed…
Nokia should be able to gain stronger traction in the 5G race, given the impact of the U.S.-China trade war on Huawei. According to Markus Borchert, Nokia’s president of Greater China, Nokia Oyj is not immune from the U.S.-China trade war. “The uncertainty has impacted the investor community and the economy at large. At Nokia…
The development comes midst efforts by China to merge two of the nation’s top wireless carriers to speed up the development of 5G mobile services. 5G will play a strategic and significant role in the coming years. On Wednesday, Finland’s mobile telecom network maker Nokia stated, it has signed a $2.3 billion (2 billion euros)…
The new tactical approach has already starting paying dividends: the Norwegian government has recommended to repeal certain provisions related to taxis while the EFTA surveillance authority has ruled in Uber’s favor saying the Norway’s restrictions on taxi licenses were illegal. On Monday, Uber stated it would suspend UberPOP, its unlicensed service in Oslo and wait…
Ronnie Letin, 60, a Belgian, has been described as a “very skilled businessman, technically savvy and strategically versatile”. In efforts aimed at reigning in and reviving its dipping fortunes, mobile equipment maker, Ericsson has selected Ronnie Leten, the former of of Atlas Copco, a mining gear maker, as its new chairman. In July, Ericsson’s chairman…
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