Nokia to Shutter Vertu Business in Japan
Reuters today reports that Nokia plans to fully end its presence in the Japanese market by the end of August. Nokia had already ceased selling its line of S40 and Symbian handsets there, but left its high-end Vertu business intact. Citing difficulty in selling the expensive Vertu phones in a market crowded with more capable smartphones, Nokia will cease offering Vertu services when its current contract with NTT DoCoMo ends next month. Its offices will remain open through the end of 2011, and it will then close up shop completely.
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.
Nokia Gains Control of Alcatel-Lucent
Nokia today said it has officially taken the reigns of Alcatel-Lucent after its public exchange offer for Alcatel-Lucent was accepted by the French stock market authority. Nokia expects to merge the two companies in order to form a telecommunications powerhouse to compete against Ericsson, ZTE, and others.
Nokia Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.
Microsoft to Close Nokia Finnish Phone Production Site
Microsoft today confirmed it plans to fully close a facility in Salo, Finland, that was formerly used to create and produce mobile phones. Microsoft will leave the Nokia facilities in Espoo and Tampere open, but plans to cut about 2,300 jobs in Finland in total.