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Latest Updates on Nokia
Govt releases Rs 331.8 cr under PLIs; Jabil Circuit, Nokia receive the most
It is followed by Nokia Solutions and Networks India Pvt Ltd that has received incentives of Rs 46.92 cr, Tejas Networks Rs 32.66 cr, Flextronics Technologies (India) Rs 30.6 cr
 "Govt releases Rs 331.8 cr under PLIs; Jabil Circuit, Nokia receive the most")
Nokia phone maker HMD moves production to India, urges suppliers to join
Nokia phone maker HMD is shifting a significant portion of its manufacturing from China to India as part of its global expansion strategy
 "Nokia phone maker HMD moves production to India, urges suppliers to join")
Nokia, Microsoft Azure extend multi-year deal for data centre scalability
As part of the agreement, Nokia will supply its 7250 IXR-10e platform to ensure multi-terabit interconnectivity within Microsoft's data centres
Bharti Airtel awards 'multibillion' 5G gear extension deal to Nokia
The 'multi year' deal is the second 5G order announced by telecom operators in the last two-months
 "Bharti Airtel awards 'multibillion' 5G gear extension deal to Nokia")
Nokia wins multi-billion extension deal with Airtel to boost 4G, 5G network
The agreement is expected to enhance Airtel's 5G capacity while supporting its network transformation efforts and modernise its 4G network
 "Nokia wins multi-billion extension deal with Airtel to boost 4G, 5G network")
Nokia to deploy 3,300 new sites for VI's 4G expansion by March 2025
In September, Vi announced a mega $3.6 billion or Rs 30,000 crore deal with global telecom equipment makers Nokia, Ericsson, and Samsung, for the supply of network equipment over a three-year period
 "Nokia to deploy 3,300 new sites for VI's 4G expansion by March 2025")
Dixon begins manufacturing fixed broadband devices in collab with Nokia
A manufacturing setup by Dixon Electro, a step-down unit of Dixon Technologies, will produce up to 10 million devices annually at its facility in Noida, it added
 "Dixon begins manufacturing fixed broadband devices in collab with Nokia")
Ericsson and Nokia face sales decline in India as telecom capex slows
During the July-Sept period, Ericsson's India revenue plunged 68% Y-o-Y, while Nokia's India sales saw a 43 per cent Y-o-Y dip. Both firms supply network solutions to telecom operators in India
 "Ericsson and Nokia face sales decline in India as telecom capex slows")
Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring
A Nokia spokesperson confirmed the company had opened consultations relating to laying off 350 employees in Europe but declined to comment on Greater China
Nokia joins Ericsson in seeing signs of recovery after mixed Q3 results
Nokia's total addressable market in telecom stands at around $84 billion
 "Nokia joins Ericsson in seeing signs of recovery after mixed Q3 results")
Nokia in talks with Airtel for multi-billion dollar 5G contract: Report
The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs
 "Nokia in talks with Airtel for multi-billion dollar 5G contract: Report")
Airtel-Nokia to cut CO2 emissions by 143K MT annually under 'Green 5G'
The partnership will focus on 'zero-traffic, zero-watt operation', reducing radio network's power consumption during periods of no traffic, thereby conserving power and optimising energy management
 "Airtel-Nokia to cut CO2 emissions by 143K MT annually under 'Green 5G'")
Vodafone Idea expands long-term partnership with Ericsson for 5G rollout
As part of the new agreement, Ericsson will upgrade Vi's existing 4G networks and introduce 5G in key areas, including Delhi, Kerala, Chhattisgarh, and Rajasthan
 "Vodafone Idea expands long-term partnership with Ericsson for 5G rollout")
Vi partners with Nokia to enhance network security against cyber threats
The telecom sector is a prime target for cyber threats due to the large amounts of sensitive data it stores, such as credit card details and social security numbers
 "Vi partners with Nokia to enhance network security against cyber threats")
Vodafone Idea awards Rs 30k-cr contracts for 4G, 5G gear supply for 3 years
Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage
 "Vodafone Idea awards Rs 30k-cr contracts for 4G, 5G gear supply for 3 years")
German court rules in Nokia's favour in Amazon video tech patent dispute
In July, Amazon sued Nokia in a Delaware federal court, accusing the Finnish group of infringing a dozen Amazon patents related to cloud-computing technology
Hyatt PE in India be taxed even if global entity earns losses: Delhi HC
Overturns division bench verdict on Nokia Solutions
 "Hyatt PE in India be taxed even if global entity earns losses: Delhi HC")
Bharti Airtel to invest $1 billion in 4G gear from Ericsson, Nokia, Samsung
The contracts will address 300,000 new 4G base stations, with Ericsson, Nokia, and Samsung supplying about 50 per cent, 45 per cent, and 5 per cent of the equipment, respectively, over three years
 "Bharti Airtel to invest $1 billion in 4G gear from Ericsson, Nokia, Samsung")
Nokia denies report on moves to replace president, CEO Pekka Lundmark
"The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him," Nokia said in a statement
Nokia signs deal with AT&T after losing network contract to Ericsson
Nokia said the fibre deal with AT&T is "Build America, Buy America-compliant", to meet the requirements of U.S. government funding
