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Nokia close to buying Alcatel's mobile networks unit: Les Echos
2015-04-14 00:23:47| Wireless - Topix.net
Finland's Nokia Oyj is close to a deal to buy Alcatel-Lucent's mobile networks business to boost its core business, especially in the United States and China, Les Echos newspaper reported on Monday. The French business daily said an announcement could come "quickly", citing a source close to the matter.
Nokia Said in Advanced Talks to Buy Alcatel-Lucent Assets
2015-04-13 23:45:17| Telecom - Topix.net
Nokia Oyj is in advanced negotiations to acquire part of Alcatel-Lucent SA to strengthen its telecommunications-equipment business and better compete with Ericsson AB, according to people familiar with the matter. Espoo, Finland-based Nokia may announce an agreement to buy Alcatel's wireless assets as early as this week, the people said, asking not to be identified because the discussions are private.
Tags: advanced
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assets
Nokia considers sale of maps business Here - report
2015-04-13 08:43:00| Telecompaper Headlines
(Telecompaper) Nokia is exploring the sale of its maps business Here in order to focus on mobile network equipment, people familiar with the matter told Bloomberg. Nokia has reached out to potential buyers including Uber and private-equity firms, the report said. A group of German carmakers has also shown interest, and bids for the unit are expected as soon as this month. Here is valued at about EUR 2 billion, according to Nokia's financial reports. The company reported annual sales of EUR 970 million and an operating loss of EUR 1.24 billion in 2014. Proceeds from a sale of the business could go towards reducing debt and acquisitions to strengthen the core business.
Tags: business
report
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maps
Nokia quiet on hearsay over Here sale
2015-04-13 02:00:00| Total Telecom industry news
Finnish vendor reportedly reaching out to Uber, private equity, car makers so it can focus on networks business.
Tags: sale
nokia
quiet
hearsay
Nokia Looks for a New Home for Its Maps Business
2015-04-11 17:02:39| Wireless - Topix.net
It's hard getting in front of consumers when Google Maps is so good and Apple Maps is the default for lazy iPhone users. Nokia Oyj is exploring the sale of its maps business as the Finnish equipment maker focuses on boosting growth at its wireless-network unit and improving its debt rating, according to people familiar with the matter.
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