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Stock Market & Financial Investment News

News Breaks
July 31, 2014
06:51 EDTPCRFY, NOKNokia to acquire parts of Panasonic wireless network business
Nokia Networks (NOK) announced that it has entered into a memorandum of understanding to acquire part of the wireless networks business of Panasonic System Networks (PCRFY). The agreement covers Panasonic's mobile phone wireless base station system business for mobile operators and related wireless equipment system business. The two parties plan to conclude the agreement by the end of September, with expected closure scheduled on January 1, 2015. Under the terms of the agreement, fixed assets and business contracts with Panasonic's customers are being transferred to Nokia Networks in Japan, including Panasonic employees involved in the business.
News For NOK;PCRFY From The Last 14 Days
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March 3, 2015
05:22 EDTNOKDragonWave, Nokia strengthen global partnership
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March 2, 2015
07:22 EDTNOKNokia plans 5G trials with NTT DoCoMo, may expand launch of N1 tablet, WSJ says
Nokia (NOK) will continue its shift into telecom networking with a new focus on 5G, reports the Wall Street Journal's Digits blog, citing statements by CEO Rajeev Suri at the Mobile World Congress 2015. The company sees 5G network standardization starting in 2016, trials starting in 2018, and full launch in 2020, with Nokia currently planning trials with NTT DoCoMo (DCM). Suri also announced a predictive marketing solution that may enable network operators to better target ads. Regarding the company's goal to keep itself alive as a consumer brand, the CEO said "We’re now monitoring the experience of the people who bought [the N1 tablet in China] . Once that’s all good, we’ll start moving to other countries as well." Reference Link
March 1, 2015
18:05 EDTNOKNokia CEO says 'business as usual,' no change to outlook, Reuters says
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February 20, 2015
06:29 EDTPCRFYBayer close to selling diabetes unit to Panasonic, Bloomberg says
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February 19, 2015
13:11 EDTPCRFYPanasonic acquires TS Sports
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February 18, 2015
08:21 EDTNOKBofa European telecom equipment analysts hold analyst/industry conference call
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