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BusinessNokia Gets New Telecom Contract From Deutsche Telekom, Replacing Huawei
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Nokia Wins ‘multi-Billion’ Dollar Deal in India
Date: November 20, 2024
HELSINKI (Reuters) – Finnish telecom equipment supplier Nokia on Wednesday said it had won a “multi-billion” dollar deal with India’s Bharti Airtel for delivery of 4G and 5G equipment. Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti’s network in India....
Nokia’s US Shares Rise After T-Mobile Says No Plans to Stop Partnership
Date: November 20, 2024
(Reuters) – U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report claiming such a possibility. Nokia shares closed down around 7% after Earl Lum of EJL Wireless Research said in a...
Two Undersea Cables in Baltic Sea Cut, Germany and Finland Fear Sabotage
Date: November 19, 2024
By Johan Ahlander, Essi Lehto and Andrius Sytas HELSINKI/STOCKHOLM/VILNIUS (Reuters) -Two undersea fibre-optic communications cables in the Baltic Sea, including one linking Finland and Germany, were severed, raising suspicions of sabotage by bad actors, countries and companies involved said on Monday. The episode recalled other incidents in the same waterway that authorities have probed as...
Orange Appeals 312 Million Euro Seizure by French Prosecutors in Tax Dispute
Date: November 16, 2024
By Gianluca Lo Nostro (Reuters) – French telecoms operator Orange said on Friday it had appealed against a 312 million euro ($329.28 million) seizure by the National Financial Prosecutor’s Office in a dispute over VAT. The French prosecutor’s office is looking into the varying tax rates that the telecoms operator charged for its services between...
Sunrise Shares Climb on Return to Swiss Stock Market
Date: November 15, 2024
By John Revill ZURICH (Reuters) – Sunrise shares rose on their return to the Swiss stock exchange on Friday, giving the telecoms company a market value of about 3.3 billion Swiss francs ($3.7 billion) following its spin-off from Liberty Global. At 0835 GMT, the stock was up around 5% at 46.51 francs. The shares will...
Deutsche Telekom Lifts Profit Target on Growth Across Europe, US
Date: November 14, 2024
By Marleen Kaesebier (Reuters) -Deutsche Telekom on Thursday raised its full-year core profit guidance and reported a slight consensus beat on the metric in the third quarter, as strong momentum in Europe matched that of its U.S. unit T-Mobile. “The growth momentum continues unabated on both sides of the Atlantic,” finance chief Christian Illek said...