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Nokia Oyj (NOK)

NOK on New York Consolidated

6.25USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Saudi's Mobily says Nokia, Huwawei, Ericsson to modernize co's network
Monday, 14 Aug 2017 01:00am EDT 

Aug 14 (Reuters) - ETIHAD ETISALAT CO SJSC <7020.SE>::SIGNS FRAMEWORK AGREEMENTS WITH NOKIA, HUWAWEI AND ERICSSON TO MODERNIZE ITS MOBILE NETWORK.AGGREGATE AMOUNT OF THESE AGREEMENTS CAN REACH SAR 2.4 BILLION OVER THE THREE YEARS PERIOD.THESE AGREEMENTS WILL BE FUNDED FROM COMPANY'S CASH FLOWS AND AVAILABLE FACILITIES.IMPLEMENTATION OF THESE AGREEMENTS WILL ALLOW MOBILY TO RENEW A SIGNIFICANT PART OF ITS MOBILE INFRASTRUCTURE AND EXTEND IT.  Full Article

Spark New Zealand invests in strategic partnership with Nokia
Tuesday, 13 Jun 2017 09:09pm EDT 

June 13 (Reuters) - Nokia Oyj ::Spark new zealand invests in strategic partnership with nokia for core infrastructure to prepare for 5g, ultra-broadband and iot.Nokia oyj says spark is upgrading its core infrastructure with a three-year strategic partnership with nokia.  Full Article

Nokia says pricing and early results for its tender offers
Tuesday, 13 Jun 2017 01:20pm EDT 

June 13 (Reuters) - Nokia Oyj ::Announces pricing and early results for its tender offers and consent solicitation.Accepted for purchase all alu notes validly tendered at or prior to early tender date in full.Accepted for purchase 2019 notes validly tendered at or prior to early tender date with a pro-ration factor of 69.4277%.Says it is exercising early settlement election and early settlement date will be June 14, 2017.  Full Article

Nokia commences tender offers for outstanding notes
Tuesday, 30 May 2017 10:51am EDT 

May 30 (Reuters) - Nokia Oyj ::Nokia commences tender offers for outstanding notes and consent solicitation from certain note holders.Has commenced tender offers to buy for cash $300 million 6.50% debentures due January 15, 2028 and $1.36 billion 6.45% debentures due March 15, 2029​.Purpose of tender offers is to streamline Nokia's capital structure by reducing quantum of legacy debt at its subsidiary level.Has commenced tender offers to also purchase for cash $1 billion 5.375% notes due March 15, 2019 issued by Nokia.Nokia intends to use all or part of proceeds from new notes and cash on balance sheet to fund tender offers and consent solicitation​.Purpose of tender offers is also to refinance short-dated 2019 notes, optimize debt structure in context of planned issue of new notes.By tendering ALU notes, holders will be deemed to have validly delivered their consent to proposed amendments to ALU indenture​.  Full Article

Nokia says still reviewing options for its undersea cables unit
Tuesday, 23 May 2017 09:17am EDT 

May 23 (Reuters) - Nokia Oyj :Nokia CEO Rajeev Suri tells annual general meeting that a strategic review on its undersea cables unit hasn't been concluded yet.Reuters reported earlier this month that according to two union sources the company is seeking to sell the unit, valued at 800 million euros nP6N1GB01G.  Full Article

Nokia splits mobile networks group into two organizations
Friday, 17 Mar 2017 02:31am EDT 

Nokia Corp : Says organizational changes include the separation of Nokia's current Mobile Networks business group into two distinct organizations . Says one focused on products and solutions, called Mobile Networks, and the other on services, called Global Services . Says Marc Rouanne, currently Chief Innovation and Operating Officer, will become president of Mobile Networks business group . Says Igor Leprince, currently Executive Vice President of Global Services, will take role of President of Global Services, a new business group . Says Monika Maurer, currently Chief Operating Officer of Fixed Networks, will assume position of Group COO . Says Samih Elhage has decided to leave nokia to pursue new opportunities .Says changes effective from April 1, 2017.  Full Article

Nokia, federated wireless partnering on creating LTE solution
Friday, 24 Feb 2017 08:01am EST 

Nokia Corp - :Nokia says co, Federated Wireless are partnering on creating LTE Solution based on CBRS shared spectrum.  Full Article

Nokia and U.S. Cellular collaborate to test 5g in North America
Wednesday, 12 Oct 2016 08:05am EDT 

Nokia Corp :Nokia - Nokia and U.S. Cellular collaborate to test 5g in North America and demonstrate 5g fixed wireless in both indoor and outdoor environments.  Full Article

Nokia acquires US start-up to enhance base station energy efficiency
Wednesday, 5 Oct 2016 01:22am EDT 

Nokia Corp : Says has acquired Eta Devices, a US-based start-up . Sees Eta Devices to bolster Nokia's push to enhance base station energy efficiency .Eta Devices specializes in power amplifier efficiency solutions for base stations, access points and devices.  Full Article

Nokia's Board resolves on directed share issuance to Nokia employees
Wednesday, 28 Sep 2016 02:03am EDT 

Nokia Corp : Nokia board of directors resolved on a directed share issuance to Nokia employees participating in the employee share purchase plans 2015 and 2016 .Will offer one matching share for every two shares purchased under plan which participant still held on July 31, 2016.  Full Article

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New Nokia 8 phone targets surging demand for video-streaming

HELSINKI HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday, hoping to cash in on rising consumer demand for high-quality audio and video features.