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New contracts boost Nokia's India revenue by 75% in Q1 2025
Industry experts added that Ericsson is more dependent on its mobile networks business for revenue growth in the Indian segment, unlike Nokia, which has a broader business portfolio that includes mobile networks, network infrastructure, and cloud and network services.
Ericsson and Nokia to Cut 20,000 Jobs
Falling or stagnant sales, coupled with concerns about rising costs, have taken a toll on telecoms workers and their suppliers, gutting the sector’s workforce outside of China. The carnage among telecoms companies has been documented regularly in this publication. Between 2015 and 2023, the combined headcount of the 20 Tier 1 operators tracked by Light Reading fell by 438,000, a 24% drop from their 2015 total.
HMD and Lava to launch phones with direct-to-mobile technology
The phones, developed in partnership with Tejas Networks and powered by Saankhya’s SL3000 chipset, can stream content even without internet access. On Monday, Human Mobile Devices (HMD) and Lava announced plans to launch feature phones with direct-to-mobile (D2M) technology in collaboration with FreeStream, Sinclair and Tejas Networks.
Nokia Corporation Interim Report for Q1 2025
This is a summary of the Nokia Corporation Interim Report for Q1 2025 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials
TCL extends license to use Alcatel name in Indian markets
TCL also develops and manufactures phones under its own brand, such as its special NXTPaper display phones, of which the 50 was a particularly good value for money phone last year. TCL, on the other hand, has owned and still owns several brand name licenses. They owned BlackBerry until 2020, but they still own Palm, and they have now extended the license for the Alcatel name, which expired in 2024. The company is embracing the Make in India initiative, just like HMD did a few years ago, and has ensured local production from the beginning.
Nokia and Amazon sign patent agreement
Nokia is a leader in the development of video and multimedia technologies, including video compression, content delivery, content recommendation and aspects related to hardware. In the past 25 years, Nokia has created almost 5 000 inventions that enable multimedia products and services and continues to play a leading role in multimedia research and standardization.
Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark
Hotard joins Nokia with more than 25 years’ experience with global technology companies, driving innovation, technology leadership and delivering revenue growth. He currently leads the Data Center & AI Group at Intel. Prior to this role, he held several leadership roles at large technology companies, including Hewlett Packard Enterprise and NCR Corporation. He will be based at Nokia’s headquarters in Espoo, Finland.
Nokia Corporation Financial Report for Q4 and full year 2024
This is a summary of the Nokia Corporation Financial report for Q4 and full year 2024 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials.
Nokia to publish fourth-quarter and full-year 2024 financial report on 30 January 2025
Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook.
HMD Global to focus on mid-range smartphone segment
NEW DELHI: HMD Global, the maker of Nokia-branded mobile phones, plans to focus on the mid-range segment (INR 15,000-30,000) to launch smartphones under its own brand. It may also consider introducing premium smartphones in a niche market, based on demand and market conditions.
HMD aims to boost Indian exports amid rising US-China trade tensions
HMD, the maker of Nokia-branded mobile phones, is building capacity and a local supplier ecosystem, anticipating higher exports from India to global markets as the US administration under President-elect Donald Trump is expected to impose higher tariffs on Chinese products.