Nokia has announced the appointment of Patrik Hammarén as President of Nokia Technologies and member of the Nokia Group Leadership Team, effective immediately. Nokia Technologies is responsible for managing and monetising Nokia’s intellectual property, including the company’s patent portfolio. The business group licenses Nokia’s innovation and contributions to global technology standards to other companies. Hammarén […]

Nokia has reported that Q3 net sales declined 8 per cent YoY to €4.33 billion as growth in Network Infrastructure and Nokia Technologies was offset by decline in Mobile Networks primarily in India and a divestment in Cloud and Network Services. Despite this, the company saw a 9 per cent rise in Q3 operating profit […]

Nokia has reported a slow start to 2024 with net sales declining 19 per cent year-on-year, in constant currency (-20 per cent reported) in Q1. The company noted that the environment is still challenging, but order trends continue to improve year-on-year, particularly in Network Infrastructure. Nokia’s full year 2024 outlook is unchanged. The company currently […]

Nokia has reported that net sales declined 21 per cent y-o-y in constant currency (-23 per cent reported) in Q4 as macroeconomic uncertainty continues to pressure operator spending. Full year net sales declined 8 per cent y-o-y in constant currency (-11 per cent reported). The company said that the environment remained challenging in Q4, however […]

Nokia will host an investor and analyst event today [December 12th] to provide an update on its execution against its group strategy, initial planning assumptions for 2024 and a revised comparable operating margin target for 2026. It will also outline its strategy to give more autonomy to its four business groups. The Presidents of Nokia’s […]

Noki has announced that Q3 net sales declined 15 per cent y-o-y in constant currency (-20 per cent reported) as macroeconomic uncertainty and higher interest rates continue to pressure operator spending. Following the slump in sales Nokia has revealed plans to shed up to 14,000 jobs, saying “these actions will better position the company for […]

Nokia has described 2021 as a “transformational year” for the company. Nokia said that its underlying business “performed largely as expected” in Q4 with other operating income being above expectations. Q4 net sales declined 5 per cent y-o-y in constant currency as expected with strong growth in Network Infrastructure of +10 per cent offset by […]

Nokia has extended its long-term strategic relationship with BT into the 5G arena, following its selection as a 5G RAN vendor for the UK operator. The selection of Nokia follows the telco’s decision to exclude Huawei from its 5G network following guidance from the National Cyber Security Centre. As part of the deal, which will make […]