Nokia Siemens Networks gets euro250 milllion loan from European Investment Bank

June 20th, 2009 Nokia Siemens buys Nortel in $650 million dealHELSINKI — Nokia Siemens Networks said Saturday it will buy Canadian-based Nortel Networks in a $650 million (€465 million) deal. "Nokia Siemens Networks has taken a significant step towards strengthening its leadership in Long Term Evolution, or LTE, next generation wireless technology and expanding its market presence in North America," Nokia Siemens said.

September 1st, 2009 HELSINKI - Indian national Rajeev Suri is to be new chief executive of Nokia Siemens Networks, the 50-50 joint venture launched in 2007 between Finland's Nokia and Germany's Siemens, the group said Tuesday. Suri, 41, is to take over from Simon Beresford-Wylie on Oct 1.

June 20th, 2009 Nokia Siemens in deal to buy Nortel wireless unitsHELSINKI — Nokia Siemens Networks said Saturday it will buy the wireless operations of Canadian-based Nortel Networks in a $650 million (euro465 million) deal to strengthen its position in North American markets. The Finnish-German joint venture said it will purchase the LTE and CDMA assets of Nortel, a former telecom equipment giant now operating under bankruptcy protection.

June 18th, 2009 NEW DELHI - Telecom equipment manufacturer Nokia Siemens Networks Thursday said it will upgrade Idea Cellular's network in 22 service areas in India. The company will use GPRS (general packet radio service) technology and its Unified Charging Solution to upgrade Idea's existing network that will enable the telcom major provide innovative mobile services like multimedia messaging, email, web browsing and online music.

July 21st, 2009 MPAM bids $725 mln for Nortel assetsNEW YORK — A private equity firm specializing in distressed assets says it is bidding $725 million to acquire the cell phone network assets of Nortel Networks Corp., topping a previous $650 million bid from Nokia Siemens Networks. MPAM Wireless, an affiliate of MatlinPatterson Global Opportunities Partners III LP, said it submitted the bid for Nortel's CDMA and LTE assets to Nortel and its creditors Tuesday.

June 20th, 2009 Nortel to sell itself off in piecesTORONTO — Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company. Nokia Siemens Networks agreed to buy some wireless operations of Canada's Nortel Networks Corp.

April 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.

June 30th, 2009 Porsche denied credit demand, Qatar eyes stakeSTUTTGART, Germany — Porsche said Tuesday that a state-owned German development bank has rejected its application for euro1.75 billion ($2.46 billion) in credit, but that a Qatar investment fund has offered to buy a stake in the sports car maker. Porsche Automobil Holding SE said the KfW bank had rejected the application.

July 16th, 2009 Nokia profit drops 66 percent in 2QSTOCKHOLM — The world's top cell phone maker, Nokia Corp., on Thursday said second-quarter earnings fell 66 percent as the global recession sapped demand. The company scrapped its target to gain market share this year and its stock sagged.

August 26th, 2009 Nokia announces mobile finance service Nokia MoneySAN FRANCISCO — Nokia Corp. on Wednesday announced a mobile financial service that the handset maker said will let users send money to others by typing in that person's cell phone number.

June 20th, 2009 TORONTO - Toronto-headquartered Nortel, which is under bankruptcy protection in both the US and Canada, has announced that it will liquidate itself. In a statement issued Friday, the 127-year-old Canadian telecom equipment giant said it has entered into a deal with Nokia Siemens to sell its wireless business for $650 million.

November 28th, 2008 Quake III, do you remember that game? Being a gamer I lovedddddddd it because of so many ammos and guns it used to offer. Now I can not but sound excited coz Quake III has made a way into Nokia mobiles! The N95 8GB, E90 and N82 in particular are provided with that facility.

September 2nd, 2009 Nokia plans more phones, netbookSTUTTGART, Germany — Nokia Corp., the world's biggest maker of cell phones, unveiled new models Wednesday that boast more music features and mesh better with Facebook and the Finnish company's upcoming netbook. The announcements are part of Nokia's attempt to branch out into new markets, such as wireless online services.

September 9th, 2009 NAINITAL - In an initiative to promote European blackberry production in Uttarakhand, the state government have authorities distributed saplings of the fruit among farmers across the street. Blackberry is not sown in the country, but the prospect of rich dividends from international markets has made the authorities and farmers to adapt to the fruit.

September 2nd, 2009 Nokia N97 mini is here and official. Its not another rumour off the gadgetophilics' brain.