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Tag: Nokia

Tech

Nokia to invest $4bn in US for AI-driven devt

Finland’s Nokia on Friday announced plans to invest $4 billion in the United States, focusing on research, development, and production to advance AI-driven network technologies. The telecom equipment maker said $3.5 billion will go toward R&D, while $500 million is earmarked for manufacturing and capital projects in states including Texas, New Jersey, and Pennsylvania. “Our […]

Tech

Nokia, Amazon settle patent dispute over video technologies

Finland’s telecom giant, Nokia announced a settlement with Amazon regarding alleged patent infringements related to video technologies used in Amazon’s streaming services and devices on Monday. The agreement settles all ongoing litigation between Nokia and Amazon, though the terms remain confidential, according to AFP. Nokia first sued Amazon in October 2023, alleging patent violations in […]

Nokia reports 32% drop in profits
News

Nokia reports 32% drop in profits

Nokia has reported a 32% decline in second-quarter operating profit, attributing it to sluggish demand for 5G telecom equipment. The Finnish telecommunications group’s profit, excluding certain charges and asset revaluations to maintain comparability with last year’s figures, dropped to 423 million euros ($462.38 million) from 619 million euros in the same quarter a year ago. […]

Technology

Nokia CEO makes world’s first ‘immersive’ phone call

Alex Omenye Nokia CEO Pekka Lundmark demonstrated a new technology called “immersive audio and video” that enhances call quality with three-dimensional sound, making interactions more lifelike. The announcement was made on Monday. “We have demonstrated the future of voice calls,” said Lundmark, who was also present in the room when the first 2G call was […]

Nokia launches AI-messaging tool for industry workers
Tech

Nokia launches AI-messaging tool for industry workers

Tech giant Nokia on Wednesday announced a technology that uses artificial intelligence to produce messages for industrial workers. Based on real-time data, the “MX Workmate” program provides recommendations for improving manufacturing productivity together with alerts regarding malfunctioning machinery. According to a statement from the firm, the tool also builds on Nokia’s current communications technology, which […]

Nokia profit drops, plans to hack 14,000 jobs
Business

Nokia profit drops, plans to hack 14,000 jobs

Juliet Buna Finnish telecom gear group, Nokia, on Thursday, said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings. According to the AFP, the Finnish telecommunications giant said that it will reduce its cost base and increase operation efficiency to “address the challenging market […]

Nokia bounces back with the production of 5G phones
News Tech

Nokia bounces back with the production of 5G phones

HMD Global, the manufacturer of Nokia-branded smartphones, has made history by becoming the first significant smartphone manufacturer to produce products in Europe with the release of its first manufactured-in-Hungary 5G model. “We are thrilled to be manufacturing the Nokia XR21, our signature rugged 5G smartphone, in Europe,” co-founder, chairman, and CEO of HMD Global, Jean-Francois […]

Nokia Rebranding
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Nokia rebrands first time in 60 years 

Nokia announced plans on Sunday to rebrand, change its logo for the first time in close to 60 years as it drives aggressive growth. According to the CEO, Pekka Lundmark, the new Nokia’s branding reflects its new focus as a business technology company. He said during an interview with Reuters, “There was an association with […]

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