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Network equipment maker's CEO tells reporters that the joint venture is looking to unload noncore units to focus on mobile network equipment.
Network equipment maker announces major reorganization, with cost cuts and layoffs in plan to slash operating expenses by 500 million euros by end of 2011.
The wireless equipment maker is offering carriers a software upgrade for its EDGE equipment that will double the speed of downloads on their 2.5G EDGE networks.
Peter Oppenheimer will retire this year. Taking his place will be Luca Maestri, currently vice president of finance and corporate controller.
The Finnish handset maker will pay about $2.2 billion for the half of Nokia Siemens Networks that it doesn't already own.
Due to the federal government's concerns over security, telecommunicatons gear maker has effectively been shut out of the American market for now.
That's the amount Nokia will pay Microsoft over the life of their agreement. Nokia, however, will continue to get financial support this year.
The mobile phone business exceeds expectations and, hallelujah, Nokia shows signs of "underlying profitability." Moving 4.4 million Lumia smartphones had to help.
CNET's Roger Cheng traveled to Finland to meet with employees of the struggling cell phone giant and to take the measure of CEO Stephen Elop's risky turnaround plans.
Nokia's third quarter disappointed expectations as the company issued its financials on Thursday.