Bureau Chief, Helsinki
Ritsuko's Feed
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.

Jul 22, 2013

Smartphone laggard Nokia picks up pace under CEO Elop

HELSINKI, July 22 (Reuters) – Nokia CEO Stephen Elop recalls
a meeting in August 2011 in which the company’s leadership
struggled to decide on the name of its new smartphone, the first
using Windows Phone software.

“We almost fell into the trap that had often befallen Nokia,
which was… let them work on it a bit longer because we
couldn’t quite reach agreement,” Elop said. Instead, he demanded
a decision that day.

Jul 18, 2013

Nokia’s halting turnaround hit by weak handset sales

HELSINKI (Reuters) – A disappointing set of quarterly sales figures for Nokia’s smartphones and basic models raised the pressure on its chief executive on Thursday and took a bite out of the company’s share price.

Investors are hoping that its Lumia smartphone range, which CEO Stephen Elop decided to base on Microsoft Corp’s untested Windows Phone software in 2011, will help the company revive its ailing fortunes and close the yawning lead of frontrunners Samsung and Apple, but progress has been slower than analysts expected.

Jul 12, 2013

Preview: Nokia’s buyout chances in focus ahead of results

HELSINKI (Reuters) – Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own.

Investors will be scrutinizing second-quarter results to see whether there’s enough cash to stay with a turnaround plan which Elop said would take two years but is now into its third.

Jul 12, 2013

Nokia’s buyout chances in focus ahead of results

HELSINKI (Reuters) – Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own.

Investors will be scrutinising second-quarter results to see whether there’s enough cash to stay with a turnaround plan which Elop said would take two years but is now into its third.

Jul 11, 2013

Nokia pins recovery hopes on advanced camera smartphone

NEW YORK/HELSINKI (Reuters) – Nokia on Thursday introduced a new smartphone, the Lumia 1020, with a powerful 41-megapixel camera in its latest bid to catch up with rivals Samsung Electronics Co Ltd and Apple Inc.

Tech bloggers responded enthusiastically, saying the camera quality was the highest in the market. But analysts questioned whether it was enough to help Nokia, suffering a fall in cash reserves after years of poor sales, survive.

Jul 10, 2013

Nokia to bet on camera upgrade in smartphone push

HELSINKI, July 10 (Reuters) – Nokia is expected
to unveil a new smartphone with a 41-megapixel camera on
Thursday, banking on advanced optics to make up for meagre
marketing resources and a limited range of phone apps.

Analysts, however, are sceptical that a new camera for the
flagship Lumia smartphone will be enough for the Finnish company
to regain market share from rivals Samsung and Apple
.

Jul 10, 2013

Nokia to bet on Lumia’s camera upgrade to overcome budget handicap

HELSINKI, July 10 (Reuters) – Nokia is expected
to unveil a new smartphone with a 41-megapixel camera on
Thursday, banking on advanced optics to make up for meagre
marketing resources and limited phone apps.

Analysts, however, are sceptical that a new camera for the
flagship Lumia smartphone will be enough for the Finnish company
to regain market share from rivals Samsung and Apple
.

Jun 20, 2013

Nokia M&A talk stirs share valuation rethink

HELSINKI, June 20 (Reuters) – Investors alert to M&A
speculation around Nokia are taking a fresh look at
whether the struggling mobile handset maker’s share price
undervalues its assets and increasing signs of financial
stability.

Reports of interest from Huawei and Microsoft
show Nokia is still vulnerable but several analysts
said they were more optimistic since plunging sales and alarming
cash burn raised fears of default several months ago.

Jun 19, 2013

Finland’s economy set to shrink as exporters struggle

HELSINKI, June 19 (Reuters) – Finland on Wednesday slashed
the outlook for its economy, predicting it will shrink for the
year, raising doubts about its reputation as one of the euro
zone’s healthiest economies.

The forecast added to concerns that traditional industries
such as paper were losing global competitiveness.