Nokia Solutions and Networks

Rajeev Suri promoted to Nokia CEO

Flush from the Microsoft deal, Nokia has announced a capital restructuring programme that will see it return cash to shareholders through the resumption of dividends and aim to pay down €2bn of its debt over the next two years.

China Mobile awards LTE contracts, report suggests

Half of China Mobile’s LTE infrastructure contracts have been won by local suppliers Huawei and ZTE, according to a report from Reuters that cites industry sources. The report suggests that Ericsson, Alcatel Lucent and NSN have picked up around ten per cent of the business each with their Chinese competitors bagging 25 per cent apiece. The combined value of China Mobile’s LTE contracts is $3.2bn, Reuters said.

NSN posts rise in profit, drop in sales

Network infrastructure vendor Nokia Solutions and Networks (NSN) has seen its net sales drop by almost 15 per cent year on year to €2.76bn from €3.23bn in 2Q12 in the second quarter 2013.

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