nokia

Nokia chair to step down, AI push supports Q4 profit

The company is carrying out one of its biggest restructuring drives since it sold its mobile phone business

Above: Nokia's headquarters in Espoo, Finland. The restructuring will deliver double-digit operating income growth in the coming years, says CEO Justin Hotard.

Nokia streamlines business to focus on AI infrastructure boom

It plans to restructure into two main divisions – mobile networks and network infrastructure

Nokia, best known for selling mobile network parts, has been pushing into data centres.

Nvidia to invest US$1 billion in Nokia in AI networking push

The Finnish company will issue about 166 million shares to Nvidia at US$6.01 apiece

Nokia’s next president and CEO Justin Hotard said he believes the world is at the start of an AI supercycle, similar to the internet boom of the 1990s.

Nokia CEO Hotard compares AI surge to 1990s internet boom, but plays down bubble fears

Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable

The company said it expects operating profits of 1.6 billion euros to 2.1 billion euros for 2025.

Nokia profit surges past estimates on network growth

It reported 435 million euros in adjusted operating profit for the quarter

Nokia’s sales in North America have been growing steadily despite losing market share to Nordic rival Ericsson, reflecting a renewed market strength after years of weakness.

Nokia posts quarterly profit miss, flags disruption from Trump's tariffs

Comparable operating profit fell to 156 million euros (S$232.7 million) in the first quarter of 2025

The acquisition will allow Nokia to sell more equipment to big tech companies.

Nokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources

The European Commission is scheduled to finish its preliminary review of the deal by Feb 26

Justin Hotard currently leads the data centre and AI group at Intel, giving him expertise in a business Nokia’s hoped will spur growth.

Nokia hires Intel’s AI executive as CEO in push for turnaround

NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from p...

The deal, which includes Fujitsu, covers a mass rollout of Oran-compliant technology with commercial deployment already underway in the Neubrandenburg area of Northern Germany.

Nokia gets new telecom contract from Deutsche Telekom, replacing Huawei

The new deal formally marks Nokia’s return as a supplier to Europe’s largest network

Nokia is looking for ways to monetise its 5G equipment or diversify its market, as it hopes to attract investments linked to the rise of artificial intelligence.

Nokia buys world's largest API hub from Rapid to cash in on 5G

The deal will enable Nokia’s clients to integrate their networks, control their API usage and collaborate with the platform’s developer base