Home | Telecom | Telecom News Nokia Shareholders Give Green Light to Alcatel-Lucent Acquisition by Gadgets 360 Staff , 3 December 2015 Nokia shareholders have overwhelmingly approved the acquisition of ailing French telecom Alcatel-Lucent, removing one of the last hurdles to the EUR 15.6 billion (roughly Rs. 1,10,240 crores) deal that will make the Finnish company a market leader in networks.
The authorisation for the Nokia board to finalise the takeover came at an extraordinary general meeting Tuesday following last month's launch of a public exchange offer for all outstanding Alcatel shares. In October, Nokia said it would pay EUR 4 billion to shareholders as the company raised its outlook for the year.
CEO Rajeev Suri said he was delighted by shareholders recognizing the “long-term value creation opportunity” of the deal, expected to close during the first quarter of 2016.
After the approval, the last remaining step for the Finnish group is to conclude its public exchange offer..
Nokia, which sold its mobile and devices divisions to Microsoft in 2014, has on several occasions confirmed it intends to get back into the smartphone business. Now, the company says it will not be hasty with its re-entry. Finland's biggest company on the sidelines of its talk about the adoption of 5G network ahead of Mobile World Congress also addressed its intentions of getting back into selling smartphones.
Nokia cannot create smartphones products until the fourth quarter to 2016, as part of the buyout agreement with Microsoft. But for its comeback, the company doesn't want to rebuild its vast manufacturing and selling infrastructure. Instead, it is seeking out a partner that could handle those aspects.
But it's not that easy, and Nokia doesn't want to settle for less. CEO Rajeev Suri told Re/Code in an interview that his company “doesn't want to just put logos on somebody's devices.” The smartphone, Suri says, “needs to feel like [a] Nokia, what Noki..
After taking the smartphone world by storm, Xiaomi is trying to repeat its success where tablets are concerned. We've been almost universally impressed by what the Chinese company has managed to produce given the prices it charges, and the rest of the industry has had to scramble to match this new competitive force. As customers and compulsive bargain hunters ourselves, Xiaomi has brought nothing but good news this past year.
Recent launches haven't had as much of an impact as the first few did, but that's set to change again with the new Xiaomi Mi Pad. While there are plenty of Android tablets in this price range already, the company is promising high-end features and the kind of quality that competitors do not deliver. Apple, in particular, stands out as the prime target – not the horde Android manufacturers offering oversized phones.
Xiaomi's biggest constraint has been its strategy of hosting weekly online flash sales, which might be great for generating some in..
Home | Mobiles | Mobiles News Nokia C1 Leaked Again With Specifications and Fresh Images by Gadgets 360 Staff , 30 November 2015 Another Nokia C1 smartphone image has popped up on the Internet along with some rumoured specifications. The image and the specifications come from the same source that provided the last render indicating the handset will arrive in two variants – one running Windows 10 Mobile and the other Android.
The new image shows the rumoured Nokia C1 running its Z Launcher on the Android OS. The handset is seen in Grey, White, and Peach colour versions. The design goes in line with the previous leak as well. The source (via Nokia Power User) goes on to explain that the smartphone will arrive in two sizes both of which will also have a different camera setup.
As per the source, while one variant will house 5-inch full-HD (1080×1920 pixels) resolution display, the other will sport a larger 5.5-inch full-HD display. The smaller Nokia C1 version will bear 2GB RAM + 32GB i..