Key Developments: Nokia Oyj (NOK)

NOK on New York Consolidated

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18 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Nokia says Nokia Networks is to buy part of Panasonic’s wireless network business
Thursday, 31 Jul 2014 03:31am EDT 

Nokia Oyj:Says Nokia Networks announced that it has entered into a memorandum of understanding to acquire part of the wireless networks business of Panasonic System Networks Company Limited.Says agreement is to be concluded by end of September, with expected closure scheduled on Jan. 1, 2015.Says under the terms of the agreement, fixed assets and business contracts with Panas onic’s customers are being transferred to Nokia Networks in Japan, including Panasonic employees involved in the business.  Full Article

Ericsson and Nokia unit receive order from KT-SIX
Monday, 14 Jul 2014 02:21am EDT 

Ericsson:Says it received an order together with Nokia Oyj unit Nokia Networks for an upgrade of LTE from the mobile operator KT from South Korea-SIX.The order concerns a Cooperative Multi-Point solution.The financial details were not disclosed.  Full Article

Nokia acquires SAC Wireless-SIX
Wednesday, 2 Jul 2014 09:49am EDT 

Nokia Oyj:Acquires the United States-based network development company SAC Wireless-SIX.The transaction is expected to be completed during the third quarter.Further details were not disclosed.  Full Article

Nokia company HERE completes acquisition of Medio
Wednesday, 2 Jul 2014 09:01am EDT 

Nokia Oyj:Says its unit HERE completed the acquisition of Medio Systems Inc., a Seattle-based company, on July 2.The terms of the transaction are confidential.  Full Article

Nokia to buy smart data firm for its map business-Reuters
Thursday, 12 Jun 2014 09:17am EDT 

Nokia Oyj:To buy small U.S. company Medio Systems for its navigation unit HERE-Reuters.Deal price has not been disclosed.Expects the transaction to close by end-July.Medio Systems is a Seattle-based smart data firm and has about 60 employees.  Full Article

Nokia Oyj completes acquisition of Mesaplexx-Business Standard
Thursday, 5 Jun 2014 08:38am EDT 

Nokia Oyj:Has completed the acquisition of the Australian company Mesaplexx Pty Ltd in order to boost its radio capabilities in the networks business-Business Standard.  Full Article

Nokia to enhance Celcom's network performance in Malaysia
Wednesday, 28 May 2014 08:00pm EDT 

Nokia Oyj's Nokia Solutions and Networks (NSN):Says Celcom Axiata Berhad has selected Nokia's optimization services to enhance its network, voice and data quality in Klang Valley and Kuala Lumpur.Nokia will use real-time network information combined with geolocation techniques to plan and optimize Celcom’s 2G and 3G radio network infrastructure.No financial details.Celcom is one of Malaysia's mobile telecommunications providers and wholly-owned subsidiary of the Axiata Group Berhad.  Full Article

Nokia launches special Security unit within Networks business
Monday, 26 May 2014 08:00pm EDT 

Nokia Oyj's Nokia Solutions and Networks (NSN):Says Nokia sets up a new Security unit, effective as of June 1.The unit will be part of Mobile Broadband organization, part of Networks business at Nokia.The objective is to, among others, ensure new products have security baked in, enhance the portfolio of security products and services, and develop business models around telco security.  Full Article

Nokia signs global framework agreement with Telenor-SIX
Thursday, 22 May 2014 08:08am EDT 

Nokia Oyj:Signs global framework agreement with Telenor-SIX.Contract duration five years.The contract is for the provision of radio access solutions and services.Telenor aims to modernize its existing 2G and 3G networks, and continue LTE distribution in Europe and Asia.No financial details.  Full Article

Nokia Oyj's NSN launches North Africa's first commercial LTE network
Tuesday, 20 May 2014 08:00pm EDT 

Nokia Oyj's Nokia Solutions and Networks (NSN):Says has deployed North Africa's first commercial LTE network in Algeria for Algerie Telecom.Says provided under the contract its Single RAN Advanced solution based on high-capacity, scalable Flexi Multiradio 10 Base Station for the majority of the LTE network, and deployed cloud-ready NetAct for efficient network management across technologies.The services also included network planning and optimization, network implementation, and care services such as hardware and software services, among others.NO financial details.Algerie Telecom is Algerian state-owned operator.  Full Article

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Microsoft lays off 2,100, axes Silicon Valley research

SEATTLE - Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.

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