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Indian court gives opportunity to set global Frand rate


Delhi High Court judge Prathiba Singh has opened up the possibility of a global FRAND rate determination from India for the first time amid a licensing dispute between Nokia and Chinese handset giant Oppo. This significantly indicates the willingness of Indian courts to set interest rates and could radically change India's position in global SEP strategies.

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US smartphone shipments fell 19% in Q3 2023


According to Counterpoint Research Market Monitor, US smartphone shipments fell by 19% in the third quarter of 2023. Samsung, Google, and TCL saw sharp declines in smartphone shipments of 26%, 37%, and 51%, respectively. However, Motorola and Nokia HMD managed to increase their shipments by 31% and 17% respectively compared to the same period last year.

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Nokia is cutting up to 14,000 jobs as part of a new cost-cutting drive


Nokia will cut 14,000 jobs to cut costs, it said on Thursday, warning that it does not expect the market to recover soon after a 20% decline in the third quarter. These cuts were announced in light of a one-fifth drop in third-quarter sales.

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Nokia Corporation Interim Report for Q3 2023


This is a summary of the Nokia Corporation Q3 and January-September 2023 Interim Report 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.

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Nokia to publish third-quarter and January-September 2023 financial report on 19 October 2023


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.

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Nokia's factory in Chennai, India


Nokia's manufacturing facility in Chennai exports 50 percent of its production and has produced seven million telecommunication units so far, according to the company's press statement on Thursday. The 15-year-old Chennai factory is one of Nokia's largest factories globally and manufactures telecom infrastructure equipment, including 4G/5G networks for domestic and global markets.

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