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..
Home | Telecom | Telecom News Nokia Bid for Alcatel-Lucent Goes Through: French Regulator Agence France-Presse , 4 January 2016 France's stock market regulatory body said Monday that Finnish telecom group Nokia's all-share offer for French-American rival Alcatel-Lucent had been successful.
Nokia now holds around 76 percent of shares and voting rights in Alcatel, the French financial market authority, AMF, said in a provisional report.
It said the “minimal condition” for Nokia to control at least 50 percent of shares and voting rights had been “satisfied”.
“The offer therefore is proceeding positively,” the French regulator said, adding that its final report was due Tuesday at the latest.
Once the world's top mobile phone maker, Nokia hopes the merger will help it become the world's number one network equipment and service provider.
The acquisition will allow Nokia to expand from telecoms networks to Internet networks and “cloud” services to better compete with its g..
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..