Nokia CEO Says Alcatel Buy Will Increase Its 5G Firepower

Nokia’s planned takeover of rival network gear maker Alcatel-Lucent will give it far greater scope to invest in new technologies like 5G mobile equipment while cutting costs, its chief executive said on Wednesday. Rajeev Suri also told Reuters in an interview that the Finnish company was making rapid progress towards closing the acquisition, originally valued at EUR 15.6 billion (roughly Rs. 1,09,873 crores). The deal coincides with a major new…

November 21, 2015
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Pakistan Causing Mobile Interference in Jammu and Kashmir

Pakistan is resorting to cellular interference in some areas of Jammu and Kashmir and operators working in the state have taken up the issue with the Centre, a leading telecom company Thursday said. “We have highlighted the issue with the government and the government is supporting us on that. There is the issue of interference and the government will find a solution to it shortly,” Anil Gupta, Regional Business Head,…

November 21, 2015
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Nokia Remains Bullish About Africa Business Despite Economic Slowdown

Finnish network equipment maker Nokia remains upbeat about its growth prospects in Africa despite a slowdown in many of the continent’s fastest-growing economies, a senior company executive said on Thursday. Nokia, which sold its once-dominant mobile handset business to Microsoft in 2014, deals in Africa mostly with telecommunications operators and governments, both of which have been hit by weaker currencies and slower economic growth. But a growing wave of consolidation…

November 21, 2015
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