Nokia shares up 20% as Nvidia takes $1bn stake Tech Nokia shares soared as much as 20 per cent on Tuesday after announcing that Nvidia will take a $1bn equity stake in the Finnish telecoms group and partner on developing next-generation 6G and AI. The deal will see Nvidia purchase more than 166 million new Nokia shares at $6.01 each, giving the American chipmaker a [...]
Nokia faces global tariff turbulence, but UK arm holds firm telecoms Nokia is bracing for disruption from renewed US trade tensions, with its new chief executive signalling a possible expansion of American manufacturing to soften the blow of potential tariffs. But while the Finnish firm’s global profits have taken a hit, its UK business has quietly bucked the trend – posting steady growth and highlighting the [...]
How Nokia’s UK arm is bucking the trend of falling sales Business The UK arm of Nokia has bucked the trend set by its parent company by reporting a rise in both its sales and profit for its latest financial year. The division, which is based near Bristol, has reported a turnover of £448.9m for 2023, up from the £441.2m it posted for 2022. Newly-filed accounts with [...]
Nokia appoints Rolf Werner as new Europe chief January 5, 2023 Nokia has appointed Rolf Werner as the firm’s new Senior Vice President for Europe, the company announced today. Werner joins the Finnish telecoms firm from Cognizant, where he was CEO for Cognizant Germany, overseeing the German, Austrian and Swiss markets. He has also held senior positions at Fujitsu, Global Logic, and T-Systems. Nokia said Werner [...]