Nokia-Samsung Patent Verdict Expected Within Days 1

Nokia-Samsung Patent Verdict Expected Within Days

Home | Mobiles | Mobiles News Nokia-Samsung Patent Verdict Expected Within Days Reuters , 1 February 2016 Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company.
Nokia entered into a binding arbitration with South Korea's Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014.
The International Chamber of Commerce's arbitration court is due to make its ruling on the issue imminently.
Nordea analyst Sami Sarkamies, one of few analysts to give a precise estimate, said the verdict could boost Nokia's operating profit by about EUR 700 million ($758 million or roughly Rs. 5,138 crores) this year, forecasting the court will stipulate an annual patent fee of EUR 300 million.
“Samsung has been paying Nokia probably 100 million per year, and the rate could now come up to around EUR 300 million (per year). Th..

Nokia to Close Here Mapping Deal With German Automakers 2

Nokia to Close Here Mapping Deal With German Automakers

Home | Internet | Internet News Nokia to Close Here Mapping Deal With German Automakers by Gadgets 360 Staff , 4 December 2015 Nokia says it has received all regulatory approvals for the EUR 2.8 billion (roughly Rs. 20,737 crores) sale of its Here mapping unit to a consortium of German carmakers, Audi AG, BMW Group and Daimler AG, and expects to close it ahead of schedule on Friday.
Nokia's Here, which includes mapping, navigation, and location services, gives the leading automakers access to technology that could eventually be used for driverless cars.
The Finnish company originally said it expected to close the deal during the first quarter of 2016 after announcing the planned sale on August 3.
Nokia, formerly the top cellphone maker, has increasingly focused on providing networks for mobile technology. On Wednesday, shareholders approved its EUR 15.6 billion acquisition of Alcatel-Lucent, which will make it a market leader in networks.
The three automaker partners – Daimler BMW..

Nokia Shareholders Give Green Light to Alcatel-Lucent Acquisition 3

Nokia Shareholders Give Green Light to Alcatel-Lucent Acquisition

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..