EC clears Nokia/Alcatel-Lucent deal

The European Commission gave the green-light to Nokia’s proposed multi-billion dollar acquisition of Alcatel-Lucent, stating that the deal “would not raise competition concerns”. This is because “the parties are not close competitors and since a number of strong global competitors …

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MWC Shanghai 2015 Keynote Panel

The CEOs of Huawei, Nokia, LG Uplus, as well as Australian MP Paul Fletcher, take part in a panel debate during the ‘Road to 5G’ keynote session.

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Nokia CEO sees 5G eliminating inefficiencies and saving lives

LIVE FROM GSMA MOBILE WORLD CONGRESS SHANGHAI: The most significant impact of 5G and the Internet of Things (IoT) will be the way it transforms vertical industries, with IoT eliminating the many inefficencies that exist across industries, claimed Nokia CEO …

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Nokia’s HERE forms alliance for global public transit ticketing

Nokia’s mapping business HERE announced the formation of the Open Mobile Ticketing Alliance (OMTA), an initiative designed to develop global standards for people to buy public transit tickets on a single app in cities worldwide. HERE, which has been subject …

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Talks over Nokia’s HERE hit a difficult stage – report

A group of three German carmakers, which emerged as the leading bidder for mapping business HERE, are in a standoff with owner Nokia, said Reuters. BMW, Daimler and Volkswagen face less pressure to bid aggressively now rival consortia appear to …

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Microsoft to cut another 7,800 jobs and take $7.6B hit

Microsoft is to slash 7,800 jobs, with the axe falling primarily on its phone business, as well as taking an impairment charge of $7.6 billion relating to assets associated with the acquisition of the unit from Nokia. The latest cull …

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Hedge fund Elliott takes AlcaLu stake – report

Elliott, the hedge fund with a history of buying into companies in the process of being acquired and pushing for a higher price, took a stake of about 1.3 per cent in Alcatel-Lucent, which is being sold to Nokia. The …

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Operators and vendors predict long life for 2G

LIVE FROM LTE WORLD SUMMIT 2015: Executives from operators and vendors this week agreed that 2G technology is likely to live on into a fruitful old-age alongside 4G (LTE), while 3G is much less loved in comparison. Pierre Francois Dubois, VP …

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EU to decide on Nokia, AlcaLu deal by 27 July – report

EU antitrust regulators are set to rule on Nokia’s proposed acquisition of Alcatel-Lucent by the end of July, according to Reuters. Nokia reportedly sought EU approval late last week, and the European Commission is to decide on the deal by …

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