Nokia has not indicated whether it will sell its HERE mapping business to a consortium led by German car makers, despite reports earlier this month that a deal was imminent.
Targeting public safety and the energy industry, Nokia Networks is launching a compact, rapidly deployable LTE network in a box with macro site capacity and coverage to provide real-time communication services.
Nokia said it is shifting its long-term strategy for its Nokia Technologies unit and will cut up to 70 jobs as a result. It's unclear at this point how Nokia's strategy for the division is changing.
Uber, the ride-booking service, is bidding for Nokia's HERE mapping unit, according to a report in the New York Times, which cited unnamed sources. The report said Uber's bid could be as much as $3 billion. Previous reports on the price for the HERE unit have reportedly hovered around $2.2 billion.
Alcatel-Lucent CEO Michel Combes said a proposed take over by Nokia Networks is not affected by the companies' respective earnings in the opening quarter, after the French-U.S. equipment vendor's net loss increased year-on-year.
Alcatel-Lucent said it is still dealing with lower carrier spending in the U.S. but still managed to boost its overall revenue in the first quarter and improve its gross margins on higher sales of software products.
Nokia is less than two weeks away from agreeing the sale of its HERE mapping business to a consortium of German car manufacturers and Chinese web company Baidu.
Plenty of folks point out that the U.S. is lagging when it comes to 5G, but researchers are hoping to spur 5G R&D in the U.S. with the new Wireless Innovation Lab at National Instruments headquarters in Austin, Texas.
Nokia reported stronger sales in North America in the first quarter, and in its networks business overall. However, the underlying profit of the company's networks business fell, and investors grew worried about drooping margins.
Verizon Communications will move to a software-centric network architecture to reduce costs and deliver new services to customers faster. The company today announced that Alcatel-Lucent, Cisco Systems, Ericsson, Juniper Networks and Nokia Networks will be its five initial software-defined network vendors.