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. "We will move quickly to execute our integration plans," said Rajeev Suri, President and CEO of Nokia. "Nokia and Alcatel-Lucent will offer a combined end-to-end portfolio of the scope and scale to meet the needs of our global customers. We will have unparalleled R&D and innovation capabilities, which we will use to lead the world in creating next-generation technology and services." Nokia already divested its handset business to Microsoft and its HERE mapping business to a consortium of automakers. The telecommunications business is now Nokia's core focus.
Nokia Dishes More On Possible Phone Plans
Feb 21, 2016
Nokia CEO Rajeev Suri today reiterated that the company would like to return to the phone business, but said it is in no rush. Speaking at the Mobile World Congress trade show, Suri noted that Nokia will not manufacture its own handsets, but will instead license its brand to an outside manufacturer.
ZTE Vows to Fight Ban, Says Denial Order Will 'Severely Impact' the Survival of the Company
Apr 20, 2018
ZTE today said the ban issued by the Commerce Department is unfair and overly severe in what mark its first public comments since the ban was announced. "The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of U.S.
T-Mobile and Sprint Agree to Merge and Unite Under T-Mobile Brand and Leadership
Apr 29, 2018
T-Mobile and Sprint today announced plans to merge in an all-stock deal that will create a "New T-Mobile" worth $146 billion. The new company's combined radio spectrum assets will allow it to accelerate deployment of 5G technology.
Here Maps to Ditch Windows Platforms
Mar 15, 2016
Here Maps today said it is dropping support for Windows 10 and Windows Phone. The company plans to pull all Here-branded mobile apps from the Windows Store by March 29, as the apps will cease working on handsets by June 30.
Boost Founder Wants to See Boost/MetroPCS Divested If Sprint/T-Mobile Merger Goes Through
May 22, 2018
At least one person thinks Sprint and T-Mobile should be required to divest their respective prepaid businesses if they are allowed to merge. Peter Adderton, founder and former CEO of Boost Mobile, firmly believes the market will become less competitive — particularly in the prepaid space — if Sprint and T-Mobile are allowed to merge without any divestitures.