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News Breaks
March 19, 2014
05:49 EDTCCIH, NOKChinaCache signs MoU with NSN to strengthen mobile capabilities in China
Nokia Solutions and Networks, or NSN, a wholly owned subsidiary of Nokia (NOK), and ChinaCache International (CCIH) announced that they have signed a Memorandum of Understanding, or MoU, to incorporate ChinaCache's content delivery network, or CDN, technology into NSN's Liquid Applications solution. The collaboration is designed to enable content to be delivered directly from the LTE base station, which translates into faster data throughput and a whole new level of personalization for superior customer experience. ChinaCache is the leading total solutions provider of Internet content and application delivery services in China.The intent of the collaboration is to further enhance Liquid Applications and expand ChinaCache's competencies in mobile Internet content delivery. Liquid Applications will enable innovative features for ChinaCache's current technology, such as improved location capabilities, awareness of user behavior, and real-time adaptation to network conditions.
News For CCIH;NOK From The Last 14 Days
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May 28, 2015
08:28 EDTNOKOpel rules out deal with Fiat Chrysler, Reuters says
Opel CEO Karl-Thomas Neumann said he sees the need to improve volume, scale and utilization in the industry and in his company, but ruled out a deal with Fiat Chrysler (FCAU), whose own CEO has been vocal about the need for consolidation among automakers, Reuters reported. Neumann declined to comment on whether Opel would seek to join a consortium that is bidding for Nokia's (NOK) HERE mapping business and added that Opel has pared back the extent of cooperation projects with Peugeot (PUGOY) and focused on using parent company General Motors' (GM) platforms instead, the report added. Reference Link
May 27, 2015
11:46 EDTNOKRaymond James doubts Ericsson will buy Juniper or Ciena
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07:55 EDTNOKEricsson willing to respond to rivals' merger with deal, Bloomberg reports
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06:54 EDTNOKNokia Networks to acquire Eden Rock
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May 22, 2015
08:57 EDTNOKNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
07:57 EDTNOKNokia seeing rising competitive pressures, says Oppenheimer
Oppenheimer is becoming more worried about aggressive pricing behavior by Nokia's competitors in the wireless infrastructure market. Consequently, the firm thinks the operating margin of the company's Networks unit could miss expectations. It recommends that investors stay long the stock but avoid adding new positions around the time of the company's earnings, which Oppenheimer believes could disappoint.
May 21, 2015
09:15 EDTNOKGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 18, 2015
13:37 EDTNOKBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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