Key Developments: Nokia Oyj (NOK)

NOK on New York Consolidated

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3 Jun 2015
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Latest Key Developments (Source: Significant Developments)

Cap Gemini wins multi-million euro contract extension with Nokia
3:17am EDT 

Cap Gemini SA:Cap Gemini wins multi-million euro contract extension with Nokia Oyj for global order management processing.Contract duration is 3 years, extending the existing contract from 2017 tot 2020.  Full Article

Nokia , Siemens and Thales win 339 mln euro order
Thursday, 28 May 2015 08:10am EDT 

Nokia Oyj:Says Nokia Networks, Siemens and Thales win 339 million euro contract for high-speed railways communications systems.Says Administrador de Infraestructuras Ferroviarias (Adif), Spain's national railway operator, has awarded a 10-year contract from 2015-2024.  Full Article

Nokia Oyj plans job cuts in Technologies unit
Wednesday, 13 May 2015 09:23am EDT 

Nokia Oyj:Says planning to cut up to 70 jobs from its technologies unit in Finland.The unit, which includes Nokia's patents and brand-licensing business, has employs 650 globally and about 400 in Finland.  Full Article

Nokia signs IT infrastructure deal with HP, Microsoft and Telefonica
Friday, 8 May 2015 03:00am EDT 

Nokia Oyj:Says has entered into strategic partnerships with HP, Microsoft and Telefonica to create IT infrastructure and workplace environment.Says invests in IT enterprise infrastructure to foster development of next-generation software and maximize employee productivity.  Full Article

Nokia Oyj says Fitch revises Nokia's outlook to positive; affirms at 'BB'
Friday, 17 Apr 2015 05:40am EDT 

Nokia Oyj:Fitch revises Nokia's outlook to positive; affirms at 'BB.Fitch: The revision of the outlook to positive reflects Fitch's view that the acquisition of Alactel-Lucent has strong industrial logic.Fitch: Revised the outlook on Nokia corporation's long-term issuer default rating (IDR) to positive from stable.  Full Article

Nokia Oyj might sell its maps unit - Reuters
Wednesday, 15 Apr 2015 01:54am EDT 

Nokia Oyj:Confirmed it had started a strategic review of its map business, HERE, after announcing a takeover of network equipment rival Alcatel-Lucent - Reuters.The company believes this is the right moment to assess the position of HERE within the proposed new Nokia business.A source told Reuters that Nokia had hired a financial adviser to explore a sale of the unit.The unit is estimated to be worth 4.4 billion Euros ($4.68 billion) to 6.9 billion Euros ($7.34 billion), based on a sum-of-parts calculation, according to Inderes Equity Research.  Full Article

Nokia to buy Alcatel-Lucent in all-share deal
Wednesday, 15 Apr 2015 01:07am EDT 

Nokia Oyj:Says will make an offer for all of equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in United States, on basis of 0.55 of a new Nokia share for every Alcatel-Lucent share.Says all-share transaction values Alcatel-Lucent at 15.6 bln euros on a fully diluted basis.Transaction is expected to close in first half of 2016.Alcatel-Lucent shareholders would own 33.5 pct of fully diluted share capital of combined company, and Nokia shareholders 66.5 pct.Combined company would target about 900 mln euros of operating cost synergies to be achieved on a full year basis in 2019.Combined company would target about 200 mln euros of reductions in interest expenses to be achieved on a full year basis in 2017.Risto Siilasmaa is planned to serve as chairman, and Rajeev Suri as chief executive officer.  Full Article

Nokia Oyj in advanced talks to acquire Alcatel Lucent-assets
Tuesday, 14 Apr 2015 02:46am EDT 

Nokia Oyj:Says Nokia and Alcatel-Lucent confirm that they are in advanced discussions with respect to a potential full combination.Potential combination would take the form of a public exchange offer by Nokia for Alcatel-Lucent.Says there can be no certainty at this stage that these discussions will result in any agreement or transaction.  Full Article

Nokia shares extend gains on reports of maps unit sale-Reuters
Friday, 10 Apr 2015 05:54am EDT 

Nokia Oyj:Shares in Nokia added gains on April 13 after reports on April 10 that said the company was considering selling its HERE maps business-Reuters.According to a source familiar with the matter, Nokia has hired a financial adviser to explore a sale of the unit.After the company's exit from handsets, analysts have seen few synergies between the map unit and Nokia's mainstay network gear business.Inderes Equity Research said it was unlikely Nokia would sell the unit for lass than 5 billion euros as the company does not have an acute need for capital.  Full Article

Nokia says MegaFon selects Nokia Networks to build its 4G LTE network
Tuesday, 10 Mar 2015 08:00pm EDT 

Nokia Oyj:MegaFon has signed a contract with Nokia Networks to upgrade the operator’s nationwide network in Russia.Under this seven-year deal, a 4G network based on the company's Single RAN (radio access network) technology will be built in order to benefit from greater capacity, higher data rates and low latency.No financial details.  Full Article

BRIEF-Capgemini wins multi-mln euro contract extension with Nokia

* Capgemini wins multi-million euro contract extension with Nokia Oyj for global order management processing

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