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Nokia, Mercedes-Benz in Smart Map Deal
2013-09-10 18:10:58| Telecom - Topix.net
Nokia Corp. says it has teamed up with Daimler AG's Mercedes-Benz car division to jointly build and develop digital smart maps for conventional and self-driving cars.
Nokia, Mercedes-Benz in smart map deal
2013-09-10 16:51:13| Wireless - Topix.net
Finland-based Nokia says its mapping and location services unit, HERE, and Mercedes will initially provide 3D maps for the Mannheim to Pforzheim route in Germany for cars connected to a computing cloud.
Microsoft and Ballmer and Nokia, Oh My!
2013-09-09 14:00:00| TechNewsWorld
The days of summer may be dwindling at last here in the Linux blogosphere, but that doesn't mean things are cooling off. No indeed, the unseasonably scorching temperatures have been matched only by the sizzling nature of the news -- in particular, Ballmer is out, and Microsoft is purchasing Nokia! More than a few Linux bloggers have been stuck in the doldrums, truth be told.
Nokia draws down on Microsoft financing
2013-09-09 08:58:00| Telecompaper Headlines
(Telecompaper) Nokia said it has decided to draw down on the EUR 1.5 billion financing option set forth in the recent deal inked with Microsoft. Microsoft agreed to acquire the mobile phone business of Nokia for EUR 3.79 billion, and pay an additional EUR 1.65 billion to license Nokia patents. The EUR 1.5 billion financing was also part of the acquisition, to take place as three EUR 500 million tranches of convertible notes. Nokia intends to use the proceeds to prepay financing raised for the acquisition of the shares in NSN, completed in August, and for general corporate purposes. The 2018 bond, or first tranche, will mature in five years, with a 1.125 percent per annum coupon and an initial conversion price of EUR 3.93. The second tranche, or 2019 bond, will mature in six years, with a 2.5 percent coupon and an initial conversion price of EUR 4.08. The 2020 bond, or third tranche, will mature in seven years, with a 3.625 percent coupon and an initial conversion price of EUR 4.23. Nokia will make an application to include the bonds for trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange as soon as reasonably practicable following the issuance date of the bonds. The maximum number of shares which may be issued by Nokia upon conversion of all the bonds is around 367.5 million, or 8.9 percent of Nokia's shares.
Tags: microsoft
nokia
financing
draws
Nokia Lumia 1520 Phablet Revealed in Leaked Photo
2013-09-06 21:35:59| PC Magazine Cell Phones Product Guide
A leaked image of Nokia's alleged Lumia 1520 smartphone hit the Web today, revealing the 6-inch phablet's updated UI.
Tags: photo
nokia
revealed
leaked
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