Nokia's shareholders were set Tuesday to vote on a historic decision to sell the Finnish company's mobile business to Microsoft, as the once-proud Nordic brand struggled to regain its edge.
Finnish mobile phone maker Nokia said Wednesday it had finalised the purchase of German engineering giant Siemens' 50 percent stake in Nokia Siemens Networks, and changed the company's name.
Rumours that struggling Finnish mobile phone maker Nokia may be up for sale have intensified this week, with analysts seeing three potential buyers who could be even more interested if the company undergoes a restructuring.
Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.
Struggling Finnish mobile giant Nokia unveiled Thursday a $99-touchscreen smartphone as it battles to gain traction in India and other emerging markets to reverse falling sales.
Industry tracker IDC on Friday reported that shipments of smartphones topped those of basic mobile phones for the first time ever in the first three months of this year.
Africa's mobile phone market, the fastest-growing in the world, is the last frontier for the industry with the promise of unlocked riches luring global interest including from Chinese handset makers.
As smartphone giants Apple and Samsung battle for the wallets of tech-savvy youngsters, a growing number of manufacturers is trying to lure a fast-growing new market: their grandparents.
Shares in beleaguered Finnish mobile phone giant Nokia soared on Thursday after it published partial fourth quarter earnings that were better than expected.
Apple and Google extended their dominance in the US smartphone market as 2012 neared its close, industry tracker comScore said on Thursday.