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Tag: Nokia

Finnish phone maker says Nokia, HMD brands will co-exist

Posted on February 3, 2024 By admin
Finnish phone maker says Nokia, HMD brands will co-exist

Nokia branded smartphone models 5, 6 and 3 are on display. | Photo Credit: EMMI KORHONEN HMD Global, a Finnish mobile phone manufacturer, and official brand licensee for Nokia on Friday said it would follow a multi-brand strategy ie: mobile phones and devices under the brand names of both HMD and Nokia will co-exist in…

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Business

Nokia Sues Amazon In India, US Over Video Patents

Posted on November 1, 2023 By admin
Nokia Sues Amazon In India, US Over Video Patents

Nokia said the streaming market is estimated to reach $300 billion by 2027. Washington, United States: Finnish telecom giant Nokia said Tuesday it is suing Amazon in five global jurisdictions, including the United States and India, over patent infringements on video-related technologies.  Nokia said it is also suing HP, formerly known as Hewlett-Packard, in a…

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Nation

Nokia To Lay Off 14,000 Employees Due To 19% Decline In Sales

Posted on October 19, 2023 By admin
Nokia To Lay Off 14,000 Employees Due To 19% Decline In Sales

Nokia said mobile networks net sales declined 19% (Representational) New Delhi: Nokia has announced to reduce its workforce by up to 14,000 jobs due to a 19% decline in third-quarter sales. The programme is projected to result in an organisation with 72,000 to 77,000 employees, as opposed to the current workforce of 86,000 at Nokia,…

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