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FINNISH COMPANY NEWS
Blackstone defaults on 297 million euro Nordic property-backed CMBSThe asset management giant and prolific real estate investor sought an extension from the bondholders to repay the debt, but they voted aga...- Nokia replaces CEO with Fortum boss Lundmark to revive 5G businessLundmark, who will succeed Rajeev Suri as Nokia chief executive in September, will team up with Sari Baldauf, the incoming chairman, in a m...
- Tech Mahindra and Business Finland to set up innovation lab in FinlandAs part of the collaboration, Tech Mahindra will develop, pilot and implement state-of-the-art digital products and services to foster grow...
- Former Yahoo CEO Marissa Mayer creates tech startup incubatorThe venture will focus on consumer media and artificial intelligence, according to the company’s website, which is set against a backdrop o...
- Microsoft layoffs will hit its sales, marketing employees in FinlandWith today's news that Microsoft is cutting another 7,800 jobs, mostly former Nokia employees, it's not surprising that a big chunk of the ...
- Foxconn halts Tamil Nadu operations over Nokia shutdownThe Foxconn plant was set up with the express intent to supply to Nokia and the facility cannot used for making smartphone components.
- Finland raises Nokia tax dispute ahead of President Pranab Mukherjee's visitFinland raised the issue of the tax row Nokia has with India, saying their co was facing a "great problem" and "other consequences" were po...
- Nokia to suspend production at Chennai plant from November 1Microsoft completed the acquisition of the mobile handset business of Nokia, leaving the Chennai plant out, at end-April this year.
- Nokia sale: It's more than a mobile phone changing handsNokia’s biggest customer was Russia, the result of a trade treaty with Finland. In 1963, Nokia started a radiotelephones business for army ...
- Nokia to transfer 800 employees to TCS, HCL Tech, cut 300 jobsNokia also plans to reduce its IT organization by up to 300 employees. The company has been working with HCL Tech for over 5 years.
- Tax officials raid Nokia campuses in ChennaiI-T officials are raiding the premises of Nokia in Chennai. Authorities said they suspect tax evasion to the tune of Rs 3,000 crore by Noki...
- Nokia banks on innovation for growthNokia's 808 PureView features in the bouquet of devices launched by Nokia at the Mobile World Congress, whose theme this year was 'Redefini...
- Nokia posts $1.38 bn loss in Q4; board proposes Siilasmaa as new chairmanNokia has lost its once dominant position in global smartphone market, with Android phones and iPhones overtaking it in growing smartphone ...
- Angry Birds' maker likely to seek funding at $1.2 billion valuationRovio Entertainment Oy is in talks to receive funding that would value the company at about $1.2 bn, two people with knowledge of the discu...
- Nokia says 2009 profit plunges but wins market shareNokia, the world's top mobile phone maker, reported a 78 per cent fall in its 2009 net profit on Thursday but said it had won market share ...
- Nokia reveals 66.0-pc profit drop, shares slumpFinnish telecoms giant Nokia revealed a 66.0-percent collapse in quarterly net profit to 380 million euros (535 million dollars) on falling...
- Nokia threat to quit Finland unless law changed: reportMobile phone giant Nokia threatened to leave its native Finland if a change to laws blocking companies from monitoring employee emails was ...
- China's mobile phone market, exports to grow above 16 per centChina, the world's largest cell phone exporter, is expected to grow over 16 per cent in both production and marketing of mobile phones this...
- France Telecom drops $42 bn takeover bid for TeliaSoneraFrance Telecom said on Monday that it has dropped its proposal for a euro27 billion ($42 billion) takeover bid for TeliaSonera, which would...
- Nokia's Ovi to counter iPhoneNokia, the world's top mobile phone maker, has introduced Ovi, the company's new Internet services brand name. With the introduction of Ovi...
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