|March 7, 2014|
|07:17 EDT||NOK||Nokia added to European/US Focus Lists at Credit Suisse|
Credit Suisse added Nokia to the European/US Focus Lists based on robust bottom line growth and margin expansion driven by its Advanced Technologies business combined with future cash distributions. Shares are Outperform rated.
News For NOK From The Last 14 Days
|July 26, 2015|
|19:22 EDT||NOK||Baidu CEO 'still interested' in Nokia map unit, Re/code says|
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because itís not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
|July 24, 2015|
|13:29 EDT||NOK||Alcatel CEO says Nokia deal may close sooner than expected, Re/code reports|
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|06:08 EDT||NOK||Nokia receives European Commission approval for Alcatel-Lucent acquisition|
Nokia (NOK) announced that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent (ALU). The proposed transaction was notified to the European Commission on June 19, 2015 and was cleared today without conditions following a Phase 1 review. Approval by the European Commission follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed today they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50.00% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
|July 21, 2015|
|13:40 EDT||NOK||Nokia to unveil virtual reality project next week, Re/code reports|
Nokia plans to unveil its first major virtual reality project next week at a special event in Los Angeles, California, Re/code reports, citing sources familiar with the company's plans. Reference Link
|06:42 EDT||NOK||Nokia close to selling HERE to German auto makers, Bloomberg reports|
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|July 20, 2015|
|12:16 EDT||NOK||HERE offering free HD map data for automated vehicle tests|
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
|July 15, 2015|
|07:29 EDT||NOK||Nokia's HERE forms Open Mobile Ticketing Alliance|
Nokia's (NOK) HERE mapping services announced that along with partners in the public and private sector it is forming the Open Mobile Ticketing Alliance, an effort to develop global standards that would allow people to buy public transit tickets from a single app on their mobile devices in cities worldwide. The aim of the Open Mobile Ticketing Alliance is to enable the vision of 'Register once, travel anywhere' by developing open, interoperable standards with payment vendors and transit operators. Other founding members include transportation service providers Scheidt & Bachmann and Thales (TCSFY), and mobile payment provider Verifone (PAY) Mobile Money. Public transit authorities implementing solutions based on OMTA benefit from lower fare-collection costs, while passengers can get the lowest possible fare based on how often they ride.
|July 14, 2015|
|07:49 EDT||NOK||Uber no longer in race to buy Nokia mapping division, NY Times reports|
Uber submitted a bid to buy Nokia's "Here" mapping division for as much as $3B, but the ride-hailing service operator is out of the running to acquire the unit as Nokia (NOK) focuses its negotiations on a potential deal with a group of German automakers, including Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi (AUDVF) and BMW (BAMXY), reported The New York Times, citing three people with knowledge of the matter. Reference Link
|06:12 EDT||NOK||Nokia says it may design, license mobile phone in 2016, Reuters reports|
Nokia said that it might begin designing and licensing mobile phone handsets under its main brand name in 2016, Reuters reports. The company is looking for a partner to take on manufacturing, sales, marketing, and customer support for the products, the report says. Reference Link