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FIH Mobile, Stellantis to form joint venture for car infotainment systems

2021-05-18 14:39:00| Telecompaper Headlines

(Telecompaper) FIH Mobile has agreed to form a joint venture with Stellantis, the carmaker former the merger of Fiat and PSA, to develop in-vehicle entertainment and telematics services...

Tags: form car systems mobile

FIH and NAGRA launch Watch.Hockey app

2020-09-16 18:30:45| Digital TV News

The International Hockey Federation (FIH) and NAGRA (SIX:KUD.S) have announced the launch of 'Watch.Hockey', a fan engagement app. The app is powered by NAGRA's 'sports-as-a-service' platform.

Tags: launch app nagra fih

FIH Mobile FY revenues grow 23.6%, but losses widen as Nokia business weighs

2019-03-06 13:52:00| Telecompaper Headlines

(Telecompaper) FIH Mobile saw its revenues for 2018 grow 23.6 percent to USD 14.9 billion, while the net loss widened to USD 857 million from USD 525 million in 2017. The phone manufacturer said it benefited from growing sales of Nokia-brand phones under its deal with HMD Global, but margins remained poor on the Nokia devices and it was forced to write off goodwill from the investment. Losses are expected to continue in 2019, but the operating loss in H1 should be smaller than a year earlier due to cost-cutting efforts.

Tags: business mobile grow nokia

FIH Mobile warns for over 50% drop in FY profit

2016-10-04 14:41:00| Telecompaper Headlines

(Telecompaper) FIH Mobile has warned that its annual net profit this year will be over 50 percent lower than in 2015, due to "customer transitions". The company expects a profit of less than USD 110 million in 2016, meaning a drop of at least 52 percent from last year's USD 228.7 million. Revenue is expected to be less than USD 5.7 billion compared to USD 7.5 billion in 2015. FIH said it has seen some improvement in results in the second half of the year, and H2 profit should be higher than the USD 20.8 million for the first six months of 2016.

Tags: mobile drop profit fy