Nokia Siemens Networks' Future Remains Up in the Air
According to a report published by the Wall Street Journal, talks between Nokia, Siemens, and private investors over the Nokia Siemens Network joint venture have reached an impasse. Nokia and Siemens have been exploring ways to exit the joint venture, with the preferred option being to sell the company (or a significant portion of it) to private investors. The Journal reports that talks with the last set of investors interested in Nokia Siemens Networks have mostly broken down. The Journal indicated that Nokia and Siemens may attempt to inject more cash into the venture, but Nokia said that the company is still pursuing other ideas. In a statement emailed to Reuters, Nokia said, "Multiple options continue to exist for NSN and these are reflective of the company's performance in terms of both innovation and financial results. We're pleased with the turnaround that NSN is executing, and we remain focused on our plans to bolster NSN's competitiveness even further." Nokia Siemens Networks' uneven financial performance is seen by some shareholders as a drag on Nokia's financial performance, which has also taken a hit due to faltering smartphone sales.
Hands On with the Nokia 8
The Nokia 8 is the first flagship phone from the "new Nokia". What separates it from the rest of Nokia's current lineup is the dual-camera system with Zeiss lenses.
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.
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.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.