Key Developments: Nokia Oyj (NOK)

NOK on New York Consolidated

17 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Nokia receives agreement from CaixaBank-DJ
Tuesday, 1 Apr 2014 03:14am EDT 

Nokia Oyj:CaixaBank has chosen Nokia as the preferred provider of smartphones for its employees-DJ.The agreement includes the purchase of approximately 30,000 Nokia Lumia devices.The financial details were not disclosed.  Full Article

New Delhi orders special audit of Nokia India accounts-DJ
Friday, 28 Mar 2014 11:45am EDT 

Nokia Oyj:India has ordered special audit of Nokia accounts-DJ.The audit may take as long as six months.Nokia declined to say if the special audit will affect its deal with Microsoft.The Nokia-Microsoft deal is expected to be completed before the end of April.  Full Article

Nokia Oyj expects sale of substantially all of Devices & Services business to Microsoft Corp to close in April 2014
Monday, 24 Mar 2014 02:11am EDT 

Nokia Oyj:Says that it now expects transaction whereby Nokia will sell substantially all of Devices & Services business and license its patents to Microsoft Corp to close in April 2014.This compares with Nokia's previous expectation on the transaction closing in the first quarter of 2014, which Nokia communicated when the company first announced the transaction on Sept. 3, 2013. Nokia and Microsoft remain committed to the transaction.Nokia and Microsoft have already received most of required regulatory approvals, including approvals from European Commission and U.S. Department of Justice.Furthermore, Nokia and Microsoft continue to make good progress related to closing conditions and integration planning.However, transaction is pending approvals from certain antitrust authorities in Asia which are still conducting their reviews.  Full Article

Nokia protests against $414 mln tax claim in India-Reuters
Friday, 21 Mar 2014 07:44am EDT 

Nokia Oyj:Receives a new 300 million euro ($414 million) sales tax claim from a regional authority in India-Reuters.Files a writ to protest Tamil Nadu authority claiming that handsets produced in the company's Chennai plant were not exported but instead sold in India.Considers the claim to be without merit and counter to domestic tax laws.In a broader tax dispute last week India's Supreme Court ordered Nokia to give a 35 billion Indian rupee ($571 million) guarantee before it transfers the Chennai plant to Microsoft.  Full Article

Nokia NSN opens new office in Nigeria
Wednesday, 19 Mar 2014 08:00pm EDT 

Nokia Oyj's Nokia Solutions and Networks (NSN):Inaugurates new office in Lagos, Nigeria.The aims is to expand operations in the country and strengthen NSN’s presence in Africa.  Full Article

Taiwan Mobile selects Nokia NSN as sole supplier for LTE-Advanced network
Tuesday, 18 Mar 2014 08:00pm EDT 

Nokia Oyj's Nokia Solutions and Networks (NSN):Says Taiwan Mobile selects NSN as sole supplier for its LTE-Advanced network.Will provide the customer with Liquid Radio and Liquid Core technology and deploy LTE-Advanced Carrier Aggregation technology to increase bandwidth and network performance.Financial details not disclosed.  Full Article

Nokia Oyj loses Indian court appeal-Reuters
Friday, 14 Mar 2014 11:47am EDT 

Nokia Oyj:Considers options after Indian court rejects its appeal against a demand for a multimillion-dollar payment before it transfers a mobile phone plant and other assets in the country to Microsoft Corp-Reuters.India's Supreme Court upheld lower court verdict that ordered Nokia to pay 35 billion rupee ($572.5 million) guarantee after local authorities blocked the factory's transfer in a dispute over tax.  Full Article

Nokia NSN to establish Mobile Broadband Security Center in Berlin
Wednesday, 12 Mar 2014 08:00pm EDT 

Nokia Oyj's Nokia Solutions and Networks (NSN):Plans to establish a Mobile Broadband Security Center in Berlin.Aims to create a platform for knowledge exchange on mobile broadband-related telco security research with customers, business and research partners, and public authorities.Says the Mobile Broadband Security Center will be fully operational in H2 2014.The center will be located in NSN’s premises in Berlin.  Full Article

Nokia Oyj launches Android smartphone Nokia X in the Indian market-ECOTIM
Monday, 10 Mar 2014 07:28pm EDT 

Nokia Oyj:Nokia launched its first Android smartphone - Nokia X - in India on March 10-ECOTIM.The smartphone is priced at 8, 599 Indian rupees.Nokia will launch the X+ and XL variants within the next two months that are likely to be priced higher than Nokia X, but under 12, 000 rupees.The three X series phones that have an interface similar to Windows, are targeted at first-time smartphone users.  Full Article

Nokia's NSN provides Serve atOnce Traffica to Tele2 Sweden
Tuesday, 4 Mar 2014 07:00pm EST 

Nokia Oyj's Nokia Solutions and Networks (NSN):Says has implemented Serve atOnce Traffica for Tele2 Sweden.Insights from Serve atOnce Traffica will be coupled with fault, performance and configuration data from NSN’s NetAct management system enabling Tele2 Sweden to interpret the data in order to boost customer satisfaction.Financial details were not disclosed.  Full Article


Nokia, China Mobile sign $970 million framework deal

HELSINKI - Finland's Nokia on Friday signed a framework agreement with China Mobile, the world's largest wireless operator, for mobile communication equipment and services worth $970 million to be delivered during 2014 and 2015.

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