Edition:
United States

Anne Kauranen

Nokia's new CEO working on setting strategy in 'dream job'

Aug 08 2020

STOCKHOLM/HELSINKI Nokia's new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker as he works toward setting a strategy, as the company jostles for position in the highly political 5G race.

Nokia's new CEO adopts wait and see strategy in 'dream job'

Aug 07 2020

STOCKHOLM/HELSINKI, Aug 7 Nokia's new chief executive Pekka Lundmark said he will take time to re-acquaint himself with the Finnish telecom equipment maker before setting a strategy, as the company jostles for position in the highly political 5G race.

Sampo, RMI scoop up UK insurer Hastings in $2.2 billion cash deal

Aug 05 2020

HELSINKI British motor insurer Hastings has agreed to be bought by Finland's Sampo and South Africa's Rand Merchant Investment (RMI) in a cash deal valuing it at 1.66 billion pounds ($2.2 billion), the insurers said on Wednesday.

Nokia shares jump after cull of low-margin business sees earnings beat

Jul 31 2020

HELSINKI/STOCKHOLM Finnish telecom network equipment maker Nokia reported an unexpected rise in second-quarter underlying profit on Friday as it took on less low-margin business particularly in China, sending its shares up 13% in early trade.

Sweden indignant as Finland excludes it from travel curb easing

Jun 11 2020

HELSINKI Finland's government said on Thursday it will lift coronavirus-related restrictions on leisure travel to and from neighbouring Baltic and Nordic countries, but excluded Sweden, prompting indignation in Stockholm.

Nokia's broadband business boosted as COVID-19 pressures networks

Jun 08 2020

Finnish telecom equipment maker Nokia is seeing a pick up in orders as its broadband clients race to upgrade networks to meet higher user demand during the COVID-19 pandemic, a company executive said.

Nokia veteran Sari Baldauf takes over as 5G battle rages

May 27 2020

HELSINKI Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

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