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In September, Nokia considered acquiring Alcatel-Lucent's wireless division as part of its strategic restructuring, in light of the acquisition of its devices and services unit by Microsoft . By ...
Nokia Technologies also provides public participation in its development through the Invent with Nokia program. [207] It was created in 2014 following a restructuring of Nokia Corporation. In November 2014, Nokia Technologies launched its first product, the Nokia N1 tablet computer. [208]
After the restructuring process, Nokia Siemens Networks brought in a positive turn around to its businesses. The bottom line and operating margins rose to approximately 10%, which was a significant shift from the previous sub-zero margins, with positive cash flows for six continuous quarters.
Nokia said its was addressing "the challenging market environment" by ... The sweeping layoffs were announced along with the company’s third-quarter results—profits for the period plunged 69% ...
On 3 September 2013, Microsoft announced its intent to acquire Nokia's mobile phone business (including rights to the Lumia and low-end Asha brands) in an overall deal of over US$7bn. Stephen Elop stepped down as Nokia's CEO and returned to Microsoft as its head of devices as part of the deal, which closed in early 2014. [50]
Nokia’s dependency on macroeconomic conditions, coupled with the pressure of increased receivables and restructuring costs, necessitates continuous prudent management and strategy adjustments. ...
The name "Nokia" is derived from the town of Nokia, Finland and the nearby Nokianvirta River, which was located next to the company’s original factory. The commercial entities that preceded the modern-day Nokia company included Nokia Ab (Nokia company); Suomen Gummitehdas Oy (Finnish Rubber Works Ltd); and Suomen Kaapelitehdas Oy (Finnish Cable Works Ltd).
Eric Risberg/APMicrosoft CEO Satya Nadella By Devika Krishna Kumar and Abhirup Roy Microsoft said Wednesday it would cut 7,800 jobs, or nearly 7 percent of its workforce, and write down about $7.6 ...