HELSINKI/PARIS (Reuters) - Finland's Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 10 percent and raising concerns over its planned takeover of smaller rival Alcatel- Lucent .
arbitration with Samsung should give this segment a boost in 2015. All the while, the firm remains intent on merging with Alcatel- Lucent to gain scale in the telecom equipment market. However, demand for such equipment is notoriously lumpy, and the near-term
HELSINKI, April 30 (Reuters) - Nokia Chief Executive Rajeev Suri defended the terms of its pending acquisition of smaller telecom gear maker Alcatel- Lucent after a shareholder criticised them as unacceptable.
expects activity to remain tepid for the second quarter, too. Consolidation remains a key theme, and with Nokia and Alcatel- Lucent merging, Ericsson could face increased competition as these equipment manufacturers seek to gain scale and leadership positions
* Says Nokia, Alcatel- Lucent merger logical step, Ericsson will focus on executing its own strategy. Further company coverage:
* Alcatel- Lucent content delivery network technology selected by Wind Telecomunicazioni to support its launch of premium video and TV services in Italy
year Treasury yield fell, ending the week at 1.86%. In other news, Nokia has agreed to purchase French rival Alcatel- Lucent in a move to boost its global telecom presence. Earnings releases reported that Goldman Sachs and J.P. Morgan Chase both
* Launches Rapport software to simplify communications and collaboration services delivery for enterprises and service providers
dealmaking in the technology, media and telecoms (TMT) sectors is at its highest level year-to-date since 2006, buoyed by Nokia's 15.6 billon euro ($16.9 billion) bid for Alcatel- Lucent this week, Thomson Reuters data shows.
HELSINKI (Reuters) - Finland's Nokia on Friday defended its commitment to protect jobs in France following its planned takeover of Alcatel- Lucent , and suggested future job cuts could focus on countries other than the two home bases.