Bureau Chief, Helsinki
Ritsuko's Feed
Sep 4, 2013

Savior or slayer? Either way, Nokia’s Elop a contender for Microsoft chief

SEATTLE/HELSINKI (Reuters) – When a British bookmaker installed Stephen Elop as favorite to take over the soon-to-be-vacant CEO slot at Microsoft Corp last week, most tech observers laughed it off as a publicity stunt.

But Microsoft’s purchase of Nokia’s handset business, announced late on Monday, has suddenly made Elop one of the most visible candidates for the top spot at the company where he once worked.

Sep 4, 2013

Newsmaker: Saviour or slayer? Either way, Nokia’s Elop a contender for Microsoft chief

SEATTLE/HELSINKI (Reuters) – When a British bookmaker installed Stephen Elop as favorite to take over the soon-to-be-vacant CEO slot at Microsoft Corp (MSFT.O: Quote, Profile, Research) last week, most tech observers laughed it off as a publicity stunt.

But Microsoft’s purchase of Nokia’s (NOK1V.HE: Quote, Profile, Research) handset business, announced late on Monday, has suddenly made Elop one of the most visible candidates for the top spot at the company where he once worked.

Sep 4, 2013

Microsoft swallows Nokia’s phone business for $7.2 billion

HELSINKI/SEATTLE (Reuters) – Microsoft Corp will buy Nokia’s phone business and license its patents for 5.44 billion euros ($7.2 billion), a bold foray into mobile devices that also brings potential chief executive contender Stephen Elop back into the fold.

Two years after hitching its fate to Microsoft’s Windows Phone software, the Finnish phone maker that once dominated the global market collapsed into the arms of the U.S. software giant, its mobile business ravaged by nimbler rivals Apple Inc and Samsung Electronics.

Sep 3, 2013

Insight: As Finland reels, Microsoft doubles down with Nokia phone deal

HELSINKI/SEATTLE (Reuters) – In an era when shiny new tech start-ups can be worth tens of billions of dollars, Microsoft’s deal to acquire Nokia’s mobile handset business for 5.44 billion euros ($7.2 billion) is a modest one from a strictly financial point of view.

Yet the deal is likely to go down as a major turning point in the contemporary technology business, one that marks the end of a Finnish company’s unlikely run as world-beating tech icon even as it shapes the future of Microsoft Corp – for better or for worse.

Sep 3, 2013

As Finland reels, Microsoft doubles down with Nokia phone deal

HELSINKI/SEATTLE, Sept 3 (Reuters) – In an era when shiny
new tech start-ups can be worth tens of billions of dollars,
Microsoft’s deal to acquire Nokia’s mobile handset business for
5.44 billion euros ($7.2 billion) is a modest one from a
strictly financial point of view.

Yet the deal is likely to go down as a major turning point
in the contemporary technology business, one that marks the end
of a Finnish company’s unlikely run as world-beating tech icon
even as it shapes the future of Microsoft Corp – for
better or for worse.

Sep 3, 2013

Nokia to sell handset biz to Microsoft for $7.2 billion

HELSINKI/SEATTLE (Reuters) – Two years after hitching its fate to Microsoft’s (MSFT.O: Quote, Profile, Research) Windows Phone software, a withered Nokia (NOK1V.HE: Quote, Profile, Research) collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros.

Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world’s dominant handset manufacturer but was long since overtaken by Apple APPL.O and Samsung (005930.KS: Quote, Profile, Research) in the highly competitive market for more powerful smartphones.

Sep 3, 2013

Nokia to sell handset business to Microsoft for 5.44 billion euros

HELSINKI/SEATTLE (Reuters) – Two years after hitching its fate to Microsoft’s Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros (4.6 billion pounds).

Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world’s dominant handset manufacturer but was long since overtaken by Apple and Samsung in the highly competitive market for more powerful smartphones.

Sep 3, 2013

Nokia to sell handset business to Microsoft for $7.2 billion

HELSINKI/SEATTLE (Reuters) – Two years after hitching its fate to Microsoft’s Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion).

Nokia, which will continue as a maker of networking equipment and holder of patents, was once the world’s dominant handset manufacturer but was long since overtaken by Apple and Samsung in the highly competitive market for more powerful smartphones.

Aug 29, 2013

Finnish government plans to trim generous welfare model

HELSINKI (Reuters) – Finland’s government announced a long-term plan to start scaling back its welfare system, one of the most generous in the world, aiming to preserve its triple-A credit rating in the face of a slower economy and aging population.

In a statement on Thursday, the government laid out a wide range of measures, including a hike to the effective retirement age to 62.4 in 2025 from a current 60.9. It also said it could force municipalities to consolidate and speed up health care reforms.

Aug 7, 2013

Nokia Solutions chief sees 4G rollout in Europe picking up

HELSINKI (Reuters) – The head of telecoms equipment maker Nokia Solutions and Networks (NSN) expects the roll-out of 4G wireless networks to pick up in Europe in the second half, as operators seek to meet growing demand for faster wireless Internet.

NSN Chief Executive Rajeev Suri said on Wednesday 4G Long Term Evolution (LTE) networks, which have so far been concentrated in markets such as Japan, South Korea and the United States, were becoming more global.