Competition from the Apple iPhone has gotten most of the blame for Nokia's struggle in the past few years to maintain relevance and market share in smartphones. But the Android operating system backed by Google has emerged as a greater long term threat-and perhaps opportunity- for Nokia.
Telefónica of Spain won full control of the mobile phone joint venture it had with Portugal Telecom in Brazil after raising its bid for a third time to 7.5 billion euros, thereby overcoming opposition from the Portuguese government.
In two years Micromax made its mark in the Indian mobile handset market dominated by Nokia. Now it's ready to take on the leader.
Four years after it was first recommended, mobile number portability still remains a paper concept. Yet for over nine months Saurabh Raina, a 43-year-old employee with a switchgear manufacturer from Bhopal, has chosen the best monthly plans on offer across six different GSM operators while he can be reached on the same number he has had for over seven years.
Swedish telecommunication gigant Ericsson's net gain reduce 65% as it reached 4.100 million Swedish crowns (401 million euros) in 2009 due to economical crisis, according to the companies report.
The gross gain was about 18.800 million euros, 24 per cent less than it was in 2008.
Ericsson's CEO, Hans Vestberg, stated in a press release that the important drop in the sales in the second half of 2009 was caused by a reduction of expenses in the current operators existing in the market.
Nokia is trying to boost its fledgling services business with a joint venture in China that will be given the task of launching the handset maker's Ovi services platform in the country next year.The move in the world's largest handset market is part of Nokia's attempt to transform itself from a hardware vendor into a provider of services and content.
HELSINKI - Nokia, the world's biggest mobile phone maker, predicted Wednesday that global sales of mobile phones would grow around 10 percent in volume next year after falling some seven percent this year."Nokia expects industry mobile device volumes to be up approximately 10 percent in 2010, compared to 2009," the Finnish company said at its capital markets day in Helsinki."Smartphone (volume) growth will be significantly higher," Nokia's chief executive Olli-Pekka Kallasvuo told
NEW YORK -- Bloomberg LP said Tuesday it has completed its purchase of McGraw-Hill's BusinessWeek magazine.The financial data and news company had agreed to buy the business magazine in October.McGraw-Hill Cos. has said that it was getting $5 million in cash and that Bloomberg was assuming an unspecified amount of BusinessWeek's liabilities.The purchase had been expected to close by the end of the year.
Ericsson (Stockholm: ERIC-B.ST - news) , the world's largest provider of telecommunications infrastructure, announced its first deal with a television broadcaster in a move that highlights the accelerating pace of convergence between the media and telecommunications industries.
British mobile phone operator Vodafone Group (VOD.L) said it was ready to talk to Ghana about its purchase of a controlling stake in Ghana Telecommunications (GT) last year.Ghana's government had said earlier in the week it backed Vodafone's $900 million purchase of the 70 percent stake in GT but wanted to talk about some issues.
Nokia Oyj and SAP said on Tuesday they would establish a new company providing brand owners technological services to fight multi-billion dollar counterfeit and pirate products business.