Is Juniper The Next Takeover Target?
Chris DeMuth Jr. • 64 Comments
Chris DeMuth Jr. • 64 Comments
Mon, Sep. 12, 5:39 PM
Fri, Sep. 9, 1:44 PM
- Nigeria has halted operations by Nokia (NOK -1.8%) in the country, as a government agency says the company has no license to operate.
- The company had started the process for a sales and installations license about three weeks ago, says the Nigerian Communications Commission's Tony Ojobo, "but stopped somewhere."
- Nokia was once the supplier of a vast majority of mobile phones in the country and is looking to take advantage of an upswing as Nigerians buy more smartphones.
- The company and regulator are in talks to resolve the matter, in which Nokia will need to pay 2M naira (about $6,354) for the license.
Wed, Sep. 7, 2:10 AM
- Verizon (NYSE:VZ) will deploy LTE CAT-M (also known as LTE Category M1) for Internet of Things (IoT) applications throughout its network by year-end, making it the first U.S. operator to do so.
- LTE CAT-M offers several benefits: longer battery life for IoT devices (up to 10 year or more); modules less expensive than regular 4G LTE modules; and better network coverage in buildings and underground.
- Competitor AT&T (NYSE:T) is planning to test LTE CAT-M in November and deploy in 2017.
- The commitment to CAT-M is good news for companies like Sequens, Altair, Sierra Wireless (NASDAQ:SWIR), U-Blox (OTC:UBLXF), Telit (OTCPK:TTCNF), Gemalto (OTCPK:GTOFF, OTCPK:GTOMY), Nokia (NYSE:NOK) and others, who require a strong operator commitment to move forward with their chipsets, modules, and associated devices.
Tue, Sep. 6, 12:58 PM
- Nokia (NYSE:NOK) is going to offer €3.50/share to acquire the shares of Alcatel-Lucent that it doesn't already own.
- That means it expects to hit 100% ownership early in Q4. The company's filed a draft joint offer tied to a cash buyout for those leftover shares and bonds convertible into Alcatel-Lucent shares.
- It expects the offer to open in the second half of September, to be followed by a squeeze-out in cash.
Wed, Aug. 31, 5:00 AM
- The head of the Nokia (NYSE:NOK) division aiming to bring the brand's mobile phones back to market is leaving after two years in the role.
- Brad Rodrigues, chief of business development at Nokia Technologies, will become acting president of the unit, as the company starts its search for a permanent successor to Ramzi Haidamus.
- Once the world's biggest mobile phone maker, Nokia sold its handset business to Microsoft in 2014, and is now focused on telecoms network equipment.
Thu, Aug. 18, 5:19 AM
- Nokia (NYSE:NOK) has been trying to reinvent itself with its high-end, 360-degree OZO virtual reality camera, and it's opening a major avenue for expansion by bringing the product to China.
- As part of the deal, Nokia has announced a new price point. The camera originally sold for $60K, with the company offering $15K discounts to individuals and early adopters. That discounted rate of $45K will now be the new normal.
Wed, Aug. 17, 8:45 AM
- Nokia (NYSE:NOK) has been awarded over 30% of China Mobile's (NYSE:CHL) project to construct a 100G optical network in support of its rollout of mobile broadband services for the world's largest 4G network.
- The company's innovative optical technologies will help China Mobile achieve its ambitious "Broadband China" strategy.
Mon, Aug. 15, 7:22 PM
- Nokia (NOK +1.1%) is likely to see margins and earnings improving over time, as it's still early stages for the company's post-Alcatel restructuring, Argus says.
- The company reiterated its Buy rating in a new report, along with a price target of $10 (implying 72% upside from today's close).
- Its latest earnings report was the first to reflect the full inclusion of Alcatel-Lucent business, analyst Jim Kelleher says.
- The company's more rapid track to cost cuts (now €1.2B by 2018, up from €900M) should pay off in the longer term, he notes.
- “We expect the combined company to face near-term challenges, but believe that it is well positioned for the development and rollout of 5G networks over the next several years," Kelleher says.
Mon, Aug. 15, 12:21 PM
- HMD Global -- the new company set to reintroduce Nokia (NYSE:NOK) brand phones -- has hired Pekka Rantala, former CEO of Rovio, the maker of game hit Angry Birds.
- Rantala will be chief marketing officer for HMD, which has an exclusive 10-year licensing deal to make Nokia brand phones and tablets. He was a 17-year Nokia veteran before joining Rovio last year.
- HMD's Nokia devices will run on Android, and will be manufactured and distributed by FIH Mobile (a unit of Foxconn). Nokia will receive royalties on sales of the devices.
Fri, Aug. 12, 11:18 AM
- China Telecom (CHA +0.3%) has chosen Nokia (NOK +0.9%) in a partnership to expand 4G technology in 19 Chinese provinces.
- The carrier is pursuing ubiquitous 4G coverage to improve access and speed up Internet, and to set up a planned 2017 launch of voice over LTE.
- Nokia will use its Flexi MultiRadio 10 base stations in the deployment, and provide its global services unit to help design and manage the network.
- China Telecom saw its 4G traffic sextuple last year, and it expects the high-speed network to account for more than 90% of its data traffic by 2017.
Thu, Aug. 4, 10:14 AM
- Nokia (NYSE:NOK) has slipped 5.1% in early U.S. action after its Q2 revenues fell 10% (pro forma) and missed expectations, and the company planned more cost savings coming out of its combination with Alcatel-Lucent.
- It's now targeting €1.2B in total cost cuts for 2018, up from €900M, based in "increased granular visibility" into the integration.
- The company took €600M in restructuring-related charges tied to the integration, pushing it to a headline loss, and when excluding the charges, profits fell by about 45% in a slow wireless equipment market.
- Sales fell 11% at Nokia's Networks business and also dropped 11% at Nokia Technologies.
- After it crossed the 95% ownership threshold of Alcatel-Lucent in June, it expects to acquire the remaining shares by the end of October.
- Press Release
Thu, Aug. 4, 3:44 AM
Thu, Aug. 4, 3:29 AM
- Nokia (NYSE:NOK) missed expectations with a sharp drop in profits, prompting the company to up its cost cuts as it cautioned no near-term improvement is likely.
- Siemens (OTCPK:SIEGY) raised its full year guidance after engineering a beat in FQ3, despite chief executive Joe Kaeser warning of challenging conditions.
- Randgold Resources (NASDAQ:GOLD) reported flat second quarter profit, as lower output and higher costs offset the benefit of a lift in gold prices.
Wed, Aug. 3, 5:30 PM
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Mon, Aug. 1, 10:07 AM
- Nokia (NOK -1.6%) has closed its acquisition of Gainspeed, a cable-industry infrastructure provider working on cable access innovations.
- Terms were undisclosed. Gainspeed becomes part of Nokia's Fixed Networks business unit.
- The company focuses on a virtual Converged Cable Access Platform, an approach that should give Nokia a stronger foothold in cable access vs. competitors including Arris and Cisco.
- "With this acquisition, Nokia is able to offer a turnkey solution for the cable industry that includes products for routing, transport, wireless and analytics," Nokia says.
Fri, Jul. 29, 11:02 AM
- Bell Canada (BCE +0.2%) and Nokia (NYSE:NOK) have completed the first Canadian trial of 5G wireless, the companies said.
- The trial at Bell's Wireless Innovation Centre used 73-GHz spectrum to hit sustained speeds more than six times faster than Canada's top 4G speeds.
- "Bell is working closely with Nokia and our other partners in North America and worldwide to create the network, device and application ecosystem required to ensure Canadians will be able take full advantage of the 5G opportunity," said Bell CTO Stephen Howe.