Alcatel-Lucent bowed to political pressure by agreeing to almost halve the bonuses it will pay to former CEO Michel Combes, to €7.9 million ($8.9 million).
LAS VEGAS-- The 5G buzz is escalating as U.S. operators like Verizon Wireless are announcing 5G trials and vendors like Nokia Networks are promising commercial 5G-ready hotspot equipment in 2017.
Verizon is working with partners Alcatel-Lucent, Ericsson, Cisco, Nokia, Qualcomm and Samsung to test 5G in the company's innovation centers in Waltham, Mass., and San Francisco. The technology field trials are expected to begin in 2016.
Nokia Networks doesn't have any software defined networking (SDN) deals to announce with U.S. carriers, but it wants the world to know that is ready to deliver on the multi-vendor approach that operators around the world are asking for.
Outgoing Alcatel-Lucent CEO Michel Combes will receive around $14.6 million (€13 million) in stock over three years, but the vendor insisted that the compensation is not a bonus tied to him leaving the company amid Nokia's pending $17.5 billion takeover of Alcatel-Lucent.
HTC's Vive virtual reality headset will not have a widespread commercial launch in 2015, as initially planned, with the launch slipping into 2016. HTC had previously said the Vive would be commercially released by year-end.
Nokia and industrial investment company China Huaxin agreed to establish a joint venture combining Nokia China and Alcatel-Lucent Shanghai Bell (ASB) once the proposed merger of the Finnish equipment manufacturer with Alcatel-Lucent has been closed.
The recent acquisition of Nokia's Here digital mapping and location services business by a consortium comprising Audi, BMW and Daimler is a harbinger for widespread strategic change in technology supply for automobiles. Smartcar companies including Daimler and Volkswagen admit they need Apple and Google as partners, but these Silicon Valley companies also pose significant threats as suppliers and as direct competitors.
Nokia's Here unit took another step towards defining common specifications for processing information from automotive sensors through the cloud by hosting a forum comprising 16 auto industry companies.
Microsoft confirmed it has ended negotiations with staff and will close Nokia's former handset product development unit in Salo, Finland. Microsoft also reiterated that it plans to cut 2,300 of its 3,200 employees in the Nordic country, part of a broader restructuring and round of job cuts the software giant announced in July.