As part of a cost-cutting programme, the company has announced plans for around 2,400 job cuts in Finland and Germany
The reduction is to be carried out by 2018
The comeback effort is a bet that shoppers will remember and embrace a brand that almost disappeared with the sale of Nokia's handset unit to Microsoft Corp. in 2014
Company will grant HMD Global the global licence to create Nokia-branded mobile phones and tablets for the next 10 years
Sales in the first quarter fell 9 per cent to euro 5.6 billion ($6.4 billion), Nokia said in a statement Tuesday
Due to weakening demand for mobile gear in key markets.
Company to offer solutions around data, security applications and analytics to handle the large number of small transactions that would happen via these banks
Finnish communications and information technology company Nokia is going all out to showcase its Internet of Things (IoT)-based products, so it can be seen as a serious contender once the government starts the tendering process for its smart city projects.The company plans to come out with a host of solutions for smart cities such as smart metering, active waste management, smart parking and various other sensor technology-enabled products.Nokia is at present working in four non-telecom areas which includes providing various technology-based solutions for transportation (highways, railways, Metros), energy (oil and gas, mining, utilities), public sector (defence, public safety, smart government) and large enterprises. It also helps them with cloud-based initiatives."IoT is the next big thing happening globally. We will see a lot of man-to-machine and vice-versa type of technology coming in. For us smart city is a great opportunity as every time the basic infrastructure needs to be buil
The company did not share the financial details of the deal
The company started its global job cutting programme following its acquisition of France's Alcatel-Lucent