Nokia
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Nokia CEO Lundmark to be replaced by Intel AI chief Hotard
Feb 12, 2025Justin Hotard, the head of AI and data centers at US chipmaker Intel, will succeed Pekka Lundmark as CEO of Nokia, a Finnish telecommunications equipment major, according to a Monday announcement. According to a statement from... -
Telecom giant Nokia says net profit rose 89% in 2024
Feb 1, 2025With revenues soaring in the last three months of 2024, the Finnish telecom equipment behemoth Nokia announced on Thursday an 89 percent increase in net profit for the year. In the fourth quarter of 2023, Nokia... -
Nokia to buy Infinera Corp in a deal with an enterprise value of $2.3 billion
Jun 28, 2024Nokia will acquire Infinera Corp in a deal with an enterprise value of $2.3 billion, the companies said on Thursday, as the Finnish firm looks to expand its optical network business, especially in the North American... -
Nokia to cut its workforce by as many as 14,000
Oct 22, 2023Finnish telecom giant Nokia said Thursday it could cut its workforce by as many as 14,000 after its third quarter results showed a drop in profits. The lay offs are expected to reduce the firm’s employees... -
Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years
Feb 27, 2023Nokia announced plans on Sunday to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth. The new logo comprises... -
Nokia and Telekom Serbia/MTEL verify 600Gbit/s optical network over 600km
Aug 21, 2022Nokia announced the successful testing of a 600Gbit/s line rate on Telekom Serbia and MTEL’s optical transport network over a distance of 600km between Banja Luka and Belgrade. The test utilized Nokia 1830 Photonic Service Switch... -
Nokia, Teletalk bring first 5G network to Bangladesh
Dec 10, 2021Teletalk Bangladesh Ltd (Teletalk) has chosen Nokia to deploy a 5G network in the nation for the first time. According to a press statement, the agreement supports the government’s digital agenda in Bangladesh, which is based... -
Nokia and NASA to install 4G network on Moon
Oct 21, 2020With competition among Earth’s telecoms providers as fierce as ever, equipment maker Nokia announced its expansion into a new market on Monday, winning a deal to install the first cellular network on the Moon. The Finnish... -
Nokia to commit to adding open interfaces in its products
Jul 7, 2020Nokia today has become the first major telecom equipment maker to commit to adding open interfaces in its products that will permit mobile operators to build networks that are not tied to a vendor. The new... -
Nokia to appoint Pekka Lundmark as CEO to replace Rajeev Suri
Mar 2, 2020Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on...
