Nokia Siemens Networks Confirms Capital Search
Nokia and Siemens have confirmed to the Financial Times that they are seeking investment partners for their shared Nokia Siemens Networks venture. "We are always willing to talk to those who want to bring ideas and capital to the industry," Nokia's Chief Financial Officer Timo Ihamuotila told the Financial Times. Nokia and Siemens have an agreement in place to co-operate the joint venture through 2013 and that won't change despite the addition of capital from an outside firm. Nokia Siemens hopes to bring in about $1 billion in additional funding through the investment from a private organization. Earlier this year, Nokia Siemens Networks agreed to purchase some of Motorola's wireless networking assets for $1.2 billion. Soon after that, the Wall Street Journal reported that Nokia Siemens was seeking capital from investment firms. The Financial Times report confirms the earlier Journal report.
Nokia's HERE Maps Quick to Draw Suitors
Four companies have expressed interest in acquiring Nokia's HERE Maps business, reports Reuters. A coalition of German auto makers, Audi, BMW, and Daimler, are weighing a joint bid, as are Facebook, Uber, and U.S.
Nokia Confirms Talks to Acquire Alcatel-Lucent
Nokia and Alcatel-Lucent today said they are in advanced talks concerning a merger or acquisition between the two. Such a deal would would produce a massive competitor to Sweden's Ericsson and China's Huawei in the telecommunications market.
Nokia Brings Back the 3310
Nokia today introduced a new version of the old Nokia 3310 phone. It includes a color screen, Snake, and the original Nokia ringtone.
Vertu to Close Up Shop
Vertu is through. The company plans to shutter its doors and jettison some 200 employees, according to the Financial Times.
Audi, BMW, Daimler to Buy Nokia's HERE Maps
A consortium of three German automotive makers has agreed to purchase HERE Maps from Nokia for about $2.71 billion, according to the Wall Street Journal. Sources familiar with Nokia's plans say Audi, BMW, and Daimler (Mercedes) have fielded a winning bid for the mapping division, which Nokia put up for sale earlier this year.