Market Chatter: Nokia Looking for New Chief Executive

"The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him," Nokia said in a statement to Reuters. The firm said it continuously assesses and discusses the leadership team’s long-term succession plan through a comprehensive approach that covers internal and external candidates, and that its CEO and Chair are fully aware of the process. Lundmark was appointed as Nokia's CEO in 2020.

Nokia is looking for a new chief executive, as one of the world’s biggest telecoms equipment makers struggles with stagnating sales and a depressed...

Press Release Nokia and OTE Group set dual world-record optical transmission rates over ultra long distances Companies set new transmission rate records of 800Gbps over 2580 km and 900Gbps over 1290 km.Nokia’s sixth generation of super-coherent Photonic Service Engine technology can reduce energy consumption. 12 September 2024Athens, Greece: Nokia together with OTE Group, a member of Deutsche Telekom (DT), today announced two new optical transmission rate world records using Nokia’s sixth genera

The collaboration with Team Telecom Armenia is likely to propel NOK stock on incremental revenue generation.

Press ReleaseNokia and Team Telecom Armenia bring 25G PON commercial services to customers across Armenia Nokia helps Team Telecom Armenia to become the first operator in the Caucasus and Central Asia regions to deploy 25G PON commercial services.Nokia fiber solution allows operators to deliver 2.5, 10, and 25G broadband speeds over its existing fiber network.Nokia is the only vendor supporting all next-generation PON technology options allowing operators to choose the right strategy for their n

Press Release Nokia named a Leader in the 2024 Gartner® Magic Quadrant™ for CSP 5G Core Network Infrastructure Solutions Nokia is furthest in vision on the 2024 Gartner Magic Quadrant™ for CSP 5G Core Network Infrastructure Solutions.Nokia’s 5G Core portfolio offers a fully automated and scalable software model, with near zero-touch automation and ultra-low latency capabilities. 5 September 2024Espoo, Finland – Nokia has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Communication

COMM collaborates with NOK to develop a cutting-edge AI-driven solution for improved connectivity across different verticals.

The deal is likely to propel NOK stock with incremental revenue generation and inducement of similar deals from other carriers in the future.

U.S. telecoms operator AT&T and Finnish network equipment maker Nokia have signed an agreement to build a fibre network in the U.S., the Finnish company said on Tuesday. The deal comes after Nokia lost a major deal with AT&T to its Swedish rival Ericsson, which the U.S. operator chose in December to build a telecoms network that will cover 70% of its wireless traffic in the United States by late 2026.

Press release Nokia signs strategic deal with AT&T to accelerate future-ready fiber broadband growth AT&T signs a multi-year agreement with Nokia to support its extensive fiber network footprint that passed 27.8 million total fiber locations as of the second quarter of 2024.Nokia to provide fiber solutions in support of AT&T's future network footprint expansion and upgrades. Nokia helps AT&T boost broadband access for millions of users, ensuring a path to deliver the next generation of enhanced

Press Release Nokia and RUCKUS Networks collaborate to deliver integrated fiber and Wi-Fi in-building/campus connectivity The joint solution efficiently addresses in-building and campus connectivity needs across key industries, including real estate/MDUs, hospitality, healthcare, and education.The integrated fiber and Wi-Fi solution can be deployed by Telco, Cable, Managed, and LAN service providers, accelerating time-to-market and reducing operational costs.Partnership combines the expertise of

NASA contractor Axiom will use Nokia’s tech as the primary comms system for the space suits that astronauts will wear during the Artemis III landing.

Nokia shares lost some of the previous sessions’ gains, after the Finnish telecommunications company denied a report that it was selling its mobile-networks business.

(Bloomberg) -- Nokia Oyj’s mobile networks assets are drawing preliminary interest from suitors including Samsung Electronics Co. amid increasing pressure to find new growth in the troubled telecom equipment sector, people with knowledge of the matter said. Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shut

Nokia CorporationStock Exchange Release29 August 2024 at 22:30 EEST Nokia comments on trading activity of its stock Espoo, Finland - Nokia is issuing this stock exchange release in response to the recent trading activity of its stock due to a market rumour. Nokia has nothing to announce in relation to the speculations published in an article today, and no related insider project exists. Nokia is committed to the success of its Mobile Networks business, a highly strategic asset for both Nokia and

NOK collaborates with Bite Group to drive 5G evolution in Latvia and Lithuania with increased capacity and performance of the core network.

Nokia has considered multiple options including a divestment, selling some or all of its mobile networks business which could be valued at as much as $10 billion, as well as combining the business with a rival, Bloomberg said. The news comes after Nokia reported last month that its second-quarter operating profit dropped 32% due to weak demand for 5G telecom equipment.

Update: Market Chatter: Nokia's Mobile Networks Business Said to Draw Samsung's Interest

Nokia CorporationManagers’ transactions29 August 2024 at 17:00 EESTNokia Corporation - Managers' transactions (Martikainen) Transaction notification under Article 19 of EU Market Abuse Regulation.____________________________________________Person subject to the notification requirementName: Martikainen, Piia SusannaPosition: Closely associated person (1): Person Discharging Managerial Responsibilities In IssuerName: Uitto, TommiPosition: Other senior manager Issuer: Nokia CorporationLEI: 549300A