3.5799 +0.01 (0.28%)
After hours: 5:33PM EST
|Bid||3.5700 x 300400|
|Ask||3.5800 x 29200|
|Day's range||3.4950 - 3.5800|
|52-week range||3.3300 - 6.6500|
|Beta (5Y Monthly)||0.05|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.22 (6.55%)|
|1y target est||4.66|
Nokia, German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their technology licensing dispute, the Finnish telecoms equipment maker said on Thursday. The move, if it leads to a successful outcome, could stave off a possible EU antitrust investigation following complaints by Daimler, Bury Technologies, Continental, Valeo and Thales-owned Gemalto to the European Commission. The Finnish telecoms equipment maker and Daimler have been at loggerheads on who should apply and pay royalties on technologies key to navigation to systems, vehicle communications and self-driving cars.
Finnish telecoms equipment maker Nokia has suspended legal action against German carmaker Daimler in the hope that mediation will resolve their dispute over technology licensing fees. Nokia's pursuit of fees from Daimler has thrown a spotlight on the wider battle between tech companies and the car industry over royalties for technologies essential for navigation systems, vehicle communications and self-driving cars. Daimler, along with Bury Technologies, Continental, Valeo and Thales-owned Gemalto complained to the European Commission this year about fees demanded by Nokia for patents related to car communications.
With the historic settlement, Ericsson (ERIC) aims to focus its resources to better compete with industry rivals and fill the void created by the trade restrictions on China-based firm Huawei.
While T-Mobile (TMUS) launches nationwide 5G network, Verizon (VZ) collaborates with Amazon's cloud computing arm, Amazon Web Services, for 5G edge computing.
The move is the latest in a string of concerted efforts by the U.S. government to dissuade other sovereign countries from using Huawei and ZTE gear to preempt alleged spying and siphoning of data.
Taking on the top job at Nokia will make Baldauf, 64, one of the most high-profile female executives in the telecoms industry globally. Baldauf headed Nokia's networks unit - now the company's main business - between 1998 and 2005.
With the draft proposal, Nokia (NOK) is offering an olive branch to initiate constructive dialogue on the licensing issue for a workable solution for the overall improvement of the automotive sector.
Nokia said on Friday it was working to end a row with Germany's Daimler and other firms which have complained to the EU antitrust regulators about the level of fees charged for technology patents from the Finnish company. Sources familiar with the matter told Reuters the Finnish telecoms equipment maker had submitted a proposal for resolving the patent licensing fee row, but did not give details. The offer could pre-empt any move by the European Commission to open an investigation and remove the threat of fines if the firm was found to be abusing its position.
The turn of events offers a golden opportunity to other telecom equipment firms to fill the void and strengthen their position in the market, thereby augmenting top-line growth.
InterDigital (IDCC) is committed to fostering edge computing research and development opportunities to boost future technologies in IT and telecommunications industry.
Nokia is targeting Malaysian ports in a bid to get a share of the country's fifth-generation (5G) technology market, as the Southeast Asian country prepares to launch the ultra-fast mobile internet service next year. The Finnish company worked with Germany's Port of Hamburg last year to test the technology in traffic-lights management, data processing from mobile sensors and virtual reality, and is keen to build on that experience in Malaysia, Siva Shanmugam, head of Nokia in Malaysia, told Reuters. Nokia's push comes at a time when it expects to face tough competition from China's Huawei [HWT.UL], the world's largest telecoms equipment maker, that has already signed 5G deals with telecoms firms in Malaysia as it battles a U.S. blacklist.
While Verizon (VZ) beats on third-quarter 2019 earnings driven by wireless strength, AT&T (T) marginally beats on the same and offers a three-year financial outlook.
Telecom network equipment maker Nokia has hired hundreds of engineers in Finland this year to speed up its 5G development, the company said on Wednesday. The Finnish company, rival to Sweden's Ericsson and China's Huawei, slashed its 2019 and 2020 profit outlook last week, saying profit would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business. Nokia has recruited 350 staff in Finland this year, 240 in its mobile networks unit and many dedicated to developing SoC (system on chip) integrated circuits - a key element for its 5G equipment, a Nokia spokeswoman said via email.
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Nokia's (NOK) third-quarter results reflect improved industry demand and competitiveness of its end-to-end portfolio, along with growth across four out of six regions and all customer types.
Finland's Nokia slashed its 2019 and 2020 profit outlook on Thursday, saying profits would come under pressure as the company spends more to fend off rivals in the fast-growing 5G networks business. The telecom network equipment maker, which met third-quarter profit expectations, also said it would pause dividend payments to raise investments in 5G and only resume them when its cash position improves to around 2 billion euros. "Competitive intensity has increased in some accounts as some competitors seek to take share in the early stage of 5G," it said in a statement.