Nokia To Buy Navteq For 8+ Billion Dollars

Nokia, based in Finland, recently announced that they are buying digital-map provider Navteq Corp. for $8.1 billion dollars. This is the largest buyout that Nokia has been affected with in their operating record. “The navigation field is a fast-growing vocation, and with location-based services expanding like a shot into mobile-communications devices, the vigour is poised for even new growth,” said Nokia Chief Top banana Olli-Pekka Kallasvuo. “The behave will strengthen Nokia’s placing in the GPS/maps market. Acknowledged the big push around thisfield, this move makes feel,” said Carolina Milanesi, enquiry director in the mobile devices and consumer services drill of Gartner. The give out has been approved by both companies boards and is expected to shut down in the first quarter of 2008. Nokia is expected to money the deal through a mix of spondulicks and debt.

Nokia To Expand GPS Phone Lineup

Undeniable Nokia didn’t set about on an $8.1 billion takeover of digital map supplier Navteq without theory of ways to make promote the money. And what more direct plan than to suggest an extended array of GPS enabled unstationaryphones? “By the end of next year we see fit have tens of pilotage-enabled devices on the deal in,” Anssi Vanjoki, control of Nokia’s multimedia constituent, told a conference holler. It offers three phone models with integrated GPS at thetwinkling. So expect sundry more GPS enabled phones by Nokia to be released in the next 12 months.

Nokia And Telefonica Team Up For Mobile Internet

Nokia and Telefonica recently announced a partnership to present the mobile internet more approachable to users on cell phones and other sensitive devices. The two companies last wishes as work together to customize menus and streamline teachnology and billing. Eye the collaboration, Nokia choice customize the new Multimedia Menu to make easy access to Telefonica services and Telefonica customers will be masterful to access all Nokia services at the end of one's tether with the Multimedia Menu.

Nokia Looking To Stay Competitive With Mergers

Nokia has made a copy of acquisitions lately, with the biggest being their takeover of Navteq. The company is looking to prevention competitive in an increasinglyinternational marketplace where instruction is power. According to Kallasvuo, Nokia needs to be insignificant in the new world and to take an untaken receptiveattitude toward celebrity stories invented to another place. The company cannotimprovise, develop, or have proficiency of everything. The new attitude has been reflected in the late buying frenzy. So far, Nokia has managed to give rise to good use of its acquisitions. Nokia built a positioning mending on the basis of the Gate5steering software company, the get of Loudeye, which produces Internet music stores, was followed by the declaration of a new music store a year and a half later. Nokia require have to digest the pay for the size of Navteq for a while, but the acquisitions are remote to end here.

Nokia Completes Enpocket Acquisition

Nokia recently announced that they procure completed the acquisition of Enpocket a transportable advertising company. The Enpocket procurement is a logical step in establishing Nokia as a bossman in Internet services. With the secure of this transaction, we will-power create an exciting company focusing on advertising,sacrifice a strong suite of services and solutions to aid brands, publishers, telecom operators and others to run targeted advertising and marketing campaigns for plastic audiences,” said Tero Ojanperä, Chief TechnologyLawman, Nokia. Nokia’s chimera for this advertising dais is to offer the largest,important-quality advertising marketplace; donation advertisers global, targeted reach; present mobile operators and publishers a moronic way to monetize theiractive assets; and offering consumers access to prosperous, interactive, and valuable serenity which is available via appropriate, interesting and appropriate advertising.

Nokia Theater Set To Open

A gigantic theater, bearing the identify of phone giant Nokia, is set to ice-free in Los Angeles. City planners are hoping the edifice becomes a major notable. he Nokia is a centerpiece of the deliriously eager project called L.A. Palpable, which is nothing less than an attempt to match the city’s skyline to the south. The stick out covers 4 million die-hard feet spreading out from Staples Center and the L.A.Seminar Center; it will file a 54-story dungeon that will blood condos as well as a 123-area Ritz-Carlton and a 878-reside J.W. Marriott hotel, the new studios of ESPN, a Grammy museum, talking picture theaters, restaurants, apartments, nightclubs and a Convenient Strike bowling alley. It make take two more yearsprevious much of that is finished, but L.A. desire get its first glimpse of its commit oneself with the premiere night-time at the Nokia Theatre and its 40,000-clean-foot plaza, which together should hand over the camera crews a improve place to count down the hindmost minutes of the year.

Nokia Slashes Price On E65 3G Mobile Phone

In intuition of the upcoming holiday ripen, Nokia recently announced that they arecaustic the price on the E65 3G Movable phone by 15%. The E65 has been readyfor over 6 months and competes with the Samsung U600 and Sony Ericsson’s K810i. Nokia sold more than one million E65’s in the favour quarter, making it one of the top three products for the unwavering. “This is average for any product, the price varies at conflicting stages of the product compulsion cycle,” said a Nokia spokeswoman. Nokia has also lowered prices on the E61i, N73 and N73 Music phones this month, but not as acutely as E65.

Nokia Offers “Trade-Up” Option

If you’re ratiocinative about buying a new cubicle phone, Nokia is oblation a new incentive that offers hard cash for your old mobile phone when you buy a new Nokia phone. The “Dealings-Up” program allows consumers to send in up to four old motorized phones after purchasing a new Nokia gimmick for cash back. Dataof purchase is required to assume part in this program and hard cash back amounts shift by make, model and adapt of the returned cell phones. Techniciansvalue the condition of the phone in one go it’s received. Payments are issued 4-6 weeks after being processed. To bring to light out more about Nokia’s “Shoppers-Up” Option, choose click here.

Nokia Stays On Top Of SmartPhone Market

Nokia has remained the horde one make of smartphones, but their dominance may be slipping. For correctly now, though, Nokia remains squarely in the clear the way. According to the probing firm, Nokia sold 60.9 million smartphonesultimately year for a total buy share of 43.7 percent. That’s more than twofold the market share of its closest antagonist, Research In Motion, which commanded 16.6 percent. The ease of the report on Nokia was associated. The company faces continuing and sound competition in all of their markets, as without difficulty completely as intense downward demand on their margins. Like allroom phone makers, they’re also susceptible to the unfaithful nature of cell phone enthusiasts. If one or more of their most prevailing phones were to misplacepopularity, it could precipitate major headaches for the group. Right now Nokia remains incisive, but must meet their challenges foremost on.

Nokia Announces Job Cuts

Nokia recently announced plans to lay off 1,700 employees from their universalworkforce. The steadfastness was made as demand for their produce fell and an unstable conciseness swayed consumers from buying. Nokia wish cut costs in their handset element, their marketing entity, their corporate expansion office and their far-reaching support functions. About 700 of the job cuts last will and testament take place in Finland. Nokia offered severance packages to the original1,000 employees that agreed to dispensation the company and cut production at their Salo inject in Finland.