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  • Reuterslast month

    Nokia signs $1.5 billion framework deal with China Mobile

    Nokia has signed a 1.36 billion euro ($1.5 bln) one-year framework deal with China Mobile, the Finnish company said on Monday, easing fears that it would lose market share while it merges operations with Alcatel-Lucent. Nokia's network equipment sales fell more than expected in the first quarter as buyers held off due to the Alcatel integration process. China Mobile is Nokia's biggest customer in China.

  • Reuters2 months ago

    Nokia could cut 10,000-15,000 jobs worldwide: union

    Telecom network equipment maker Nokia (NOKIA.HE) is likely to cut 10,000 to 15,000 jobs globally - far more than it has announced so far - after its acquisition of Franco-American rival Alcatel-Lucent (ALUA.PA), a Finnish union representative said. Cuts on the scale estimated by the union would represent as much as 14 percent of Nokia's worldwide work force of 104,000. Nokia kicked off the rationalization program in April with a target to slash 900 million euros ($1 billion) of operating costs by 2018.