Page 5 - Nokia

Digital cash now available on feature phones, to expand financial inclusion

Nearly 300 million feature phone users will benefit

IDEMIA, Airtel, Nokia join hands for offline CBDC payment on feature phones

Under this collaboration, IDEMIA's technology will offer an offline layer to ensure instant and secure transactions without the need for online validation

SC tells Oppo to pay 23% of sale revenue in India to Nokia till Aug 25

The HC order asked Oppo to furnish security payment of the India portion of the last-paid licence fee to Nokia in the patent infringement case

Patent infringement case: SC gives 3 weeks to Oppo to comply with HC order

The Supreme Court refused to interfere with the Delhi HC judgment that had directed Oppo to deposit 23 per cent of its India sales

Patent infringement case: Oppo challenges Delhi HC order favouring Nokia

Nokia maintained that the 2018 Agreement did not include patents relating to 5G standards

Nokia Q2 profits fall as clients in North America shun investments

Wireless and fixed-network equipment maker Nokia on Thursday reported a fall in second quarter profit as clients especially in North America postponed investments due to a slowdown in economic growth and rising financing costs. The Espoo, Finland-based company reported net profit of 414 million euros (USD 464 million) for the April-June period, down 29 per cent from 585 million euros a year earlier. Net income attributable to shareholders was 415 million euros, down from 582 million euros the previous year. Nokia's sales were down 3 per cent at 5.7 billion euros. Among other network products, Nokia is one of the world's main suppliers of 5G, the latest generation of broadband technology, along with Sweden's Ericsson, China's Huawei and South Korea's Samsung. Earlier in the year I highlighted that we were starting to see signs of macroeconomic challenges along with inventory digestion impacting customer spending and this has intensified through the second quarter, CEO Pekka Lundmark

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Delhi HC rules in favour of Nokia in patent infringement case against Oppo

Nokia claims that Oppo is the world's second-largest manufacturer of smartphones having overtaken Apple and Oppo's sales in India account for around 23 per cent of its global sales

Nokia renews patent license agreement with Apple, covering 5G, other tech

Network infrastructure and 5G technology provider Nokia has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023. The deal, which enables Apple to use the Finnish company's technology in its products, covers Nokia's inventions in 5G and other technologies. The terms of the agreement announced late Friday remain confidential. Nokia expects to recognize revenue related to the agreement starting January 2024, and the company said the deal is consistent with its long-term outlook disclosed in the first quarter. The agreement reflects the strength of Nokia's patent portfolio, decades-long investments in Rand D, and contributions to cellular standards and other technologies, Nokia Technologies President Jenni Lukander said in a statement. The previous license agreement between Apple and Nokia was announced in May 2017. Nokia said its patent portfolio is built on more than 140 billion eur

Ericsson, Nokia not ready to supply 5G equipment to Vi on credit: Report

Recently, Ericsson provided the telco with 2G radios, but only after it made the entire payment

Reliance Jio in talks to raise about $1.6 billion for equipment from Nokia

Banks involved in the discussions with billionaire Mukesh Ambani's telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co., said the people

Vivo becomes third brand to exit Germany after Oppo, OnePlus; here's why

The suspensions come after Nokia filed a patent dispute in the region over broadband technology

HMD Global launches Nokia C32 budget phone in India: Price, specs, and more

The Nokia C32 is offered in 64GB and 128GB on-board storage variants, both with 4GB RAM and 3GB virtual RAM, at Rs 8,999 and Rs 9,499

Nokia launches feature phones with in-built UPI functionality: Details here

The Nokia 105 and Nokia 106 4G will be available for purchase in India starting May 18. These feature phones come with in-built UPI 123PAY functionality

What's in a logo? A lot, as Sebi and Nokia give a digital twist to theirs

In favour: Clean, simplistic logos that reflect a modern outlook, enjoy visibility on digital platforms

Nokia Q1 net sales rise 10% to 5.8 bn euros as India biz jumps four-fold

Finnish telecom gear maker Nokia on Thursday reported a 10 per cent increase in global net sales to 5,859 million euros in the first quarter ended March 2023, on account of over a four-fold jump in Indian business. The company registered 5,348 million euros in net sales in the same period a year ago. "Network Infrastructure and Mobile Networks both grew at double-digit rates, with Network Infrastructure increasing 13 per cent, led by Optical Networks and IP Networks, and Mobile Networks increasing 13 per cent, reflecting the continued ramp up of 5G in India," Nokia said in its earnings report. Boost in Indian sales saved the company from the reduced spending in North America and other geographies. Nokia India sales zoomed by over four-fold to 853 million euros during the reported quarter from 200 million euros in the March 2022 quarter on account of fast pace deployment of the 5G network in the country. "Mobile Networks net sales grew 13 per cent (on constant currency basis) as 5G

Nokia reports decline in profits, sees economy impacting client spending

Wireless and fixed-network equipment maker Nokia on Thursday reported lower than expected profits as it warned that the current economic situation was starting to impact spending by operators and other customers. The Espoo, Finland-based company reported net profit of 342 million euros (USD 375 million) for the January-March period, down 18 per cent from 416 million euros a year earlier. Net income attributable to shareholders was 332 million euros, down from 409 million euros the previous year. Nokia's sales were up 10 per cent at 5.9 billion euros. Nokia is one of the world's main suppliers of 5G, the latest generation of broadband technology, along with Sweden's Ericsson, China's Huawei and South Korea's Samsung. Referring to increased sales, CEO Pekka Lundmark said that the first quarter gave a solid start to 2023 for Nokia but looking forward, we are starting to see some signs of the economic environment impacting customer spending. Given the ongoing need to invest in 5G and

Nokia partners with Lightstorm to upgrade digital infrastructure in India

Nokia will supply the latest WDM optical network solutions for Lightstorm's network expansion into the eastern and northern regions

The one device: 50 years of the cellphone; here's how it has evolved

From brick-sized handsets used by stockbrokers, devices have become powerful computers sitting in our pockets

Fincham appoints Nokia's Sanjay Malik as new chairperson for FY24

Finland Chamber of Commerce in India on Monday announced the appointment of Sanjay Malik, Nokia Senior VP and Head of India Market, as its new Chairperson for the financial year 2023-24. He will succeed Sanjay Aggarwal, President of Fortum India Pvt Ltd, who held the position in the previous fiscal year ended March. Trade between India and Finland surpassed USD 1 billion for the first time in 2022, marking a significant milestone in the growing relationship between the two countries. In his acceptance letter addressed to members of the chamber, Malik said, "India's ambitious growth agenda under a dynamic leadership affords a wide avenue for Finnish companies to use their technologically advanced products and solutions to accelerate economic development in the country." "Finland will emerge as a strong, reliable partner country as India seeks to leapfrog several generations of standards and leverage the potential of Industry 4.0," Malik added.