Nokia Siemens in $650 million deal for Nortel NetworksJune 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.
Nokia Siemens Networks gets euro250 milllion loan from European Investment BankJune 29th, 2009 Nokia Siemens Networks gets euro250M loanHELSINKI — Wireless equipment firm Nokia Siemens Networks has received a euro250 million loan from the European Investment Bank to develop its network technologies, the company said Monday. The joint venture between Nokia Corp.
Nokia Siemens in $650 million deal for wireless operations of Nortel NetworksJune 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.
Toyota weighing liquidation for Nummi stake after GM pulls out of joint ventureJuly 11th, 2009 Toyota considering dissolving Nummi joint ventureNEW YORK — Toyota Motor Co. says it is considering dissolving its stake in a California manufacturing plant after General Motors Corp.
Nokia reports pre-tax loss for first quarterApril 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.
Private equity firm MatlinPatterson bids $725 million for wireless assets of Nortel NetworksJuly 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.
Toyota board votes to end contract to build vehicles at California plantAugust 27th, 2009 Toyota plans to end production at joint ventureWASHINGTON — Toyota Motor Corp. plans to end production in March 2010 at a California joint venture where it has built vehicles with General Motors Co.
Nokia Siemens buying Nortel wireless units, Nortel to liquidateJune 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.
Nokia Siemens to upgrade Idea Cellular's networkJune 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.
Report: Toyota to dissolve California joint venture factory with General MotorsJuly 23rd, 2009 Report: Toyota to end Calif. joint venture with GMNEW YORK — Toyota Motor Corp.
Ericsson sees profits fall 61 pct in second quarterJuly 24th, 2009 Ericsson profits fall 61 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB on Friday said its second-quarter profits plunged 61 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson. Ericsson said net profit in the April-June period was 800 million kronor ($106 million), down from 2 billion kronor in the same three months last year.
Ericsson profits drop 56 pct in second quarter due to restructuring, joint venturesJuly 24th, 2009 Ericsson profits drop 56 pct in 2nd quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
Nokia posts 66 percent drop in 2Q profit, lowers yearly market share targetJuly 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.
Toyota executive: Automaker hoping to make quick decision on California joint venture plantJuly 20th, 2009 Toyota to make decision on California plant soonWASHINGTON — Toyota's top U.S. executive said Monday the company will make a decision "as quickly as possible" on the fate of its California joint venture plant with General Motors as it evaluates the chaotic U.S.
GM's stake in Nummi to become part of 'Old GM,' will discontinue vehicle production thereJune 29th, 2009 GM ending Nummi joint venture with ToyotaNEW YORK — General Motors Corp. said Monday is ending its joint venture with Toyota Motor Corp.
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