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Eurobites: Nokia Cuts 3% of Finnish Workforce

Also in today's EMEA regional roundup: Nokia soups up WiFi for Swisscom; Telenor reports flat first quarter; Imagination starts dispute resolution process with Apple; data revenues rise at MTN.

  • Nokia Corp. (NYSE: NOK) is to cut around 3% of its Finnish workforce, according to a YLE report. Most of the 200 job losses will fall in Espoo, Nokia's homeland to the west of Helsinki. Nokia embarked on a cost-cutting program, of which job losses form a large part, following its acquisition of Alcatel-Lucent last year. Redundancy negotiations for this latest round of job cuts will begin next week, with most of the posts expected to be gone by the end of the year. (See Nokia to Slash Jobs Following AlcaLu Merger.)

  • Meanwhile, on the products front, the Finnish vendor has bagged an order from Swisscom AG (NYSE: SCM) for its Nokia Home Analytics offering, which, it is claimed, draws on analytics to enable service providers to "dramatically" improve their ability to troubleshoot issues with customers' home WiFi.

  • Norway's Telenor Group (Nasdaq: TELN) claims underlying revenues rose slightly year-on-year in the first quarter, though reported revenues were down 3%, to 30.45 billion Norwegian kroner (US$3.51 billion). EBITDA also decreased, by 1% to NOK11.5 billion ($1.32 billion). Following its decision to exit India, Telenor has adjusted its outlook for the rest of the year, predicting organic revenue growth of between 1% and 2% and an EBITDA margin of around 37%.

  • Imagination Technologies Group plc , the UK-based graphics chip designer, has begun a dispute resolution procedure with Apple Inc. (Nasdaq: AAPL), the Californian giant that last month announced it was to stop using Imagination's technology in its iPhone and iPad products. As the Daily Telegraph reports, Imagination does not believe that Apple can continue to manufacture those products without infringing its patents. Dispute resolution is a formal process for reaching a contractual agreement that does not involve legal action. (See Eurobites: Imagination Rocked by Apple Shut-Out.)

  • A 29.4% rise in data revenue helped push MTN Group Ltd. 's overall revenues up 7.1% in the first quarter, Nasdaq reports. The South African operator saw particular growth at its Iranian subsidiary, MTN Irancell , where data revenues rose a whopping 76.7%.

  • Has the failure to achieve standardization under the terms of the EU's 2014 Radio Equipment Directive (RE-D) put the future of mobile device usage in jeopardy? That's the scenario being painted by Cecilia Bonefeld-Dahl, director-general of trade body Digital Europe, in a column on EurActiv. According to Bonefeld-Dahl, it could become much more difficult for devices using WiFi, Bluetooth and GPS technology to be sold after June 13, which is when a 12-month transition period relating to the harmonization of RE-D standards expires.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Cécilia 5/5/2017 | 5:08:28 AM
    Re: Really? Nokkia has been waking up much too late. They haven't been good enough in innovating. They haven't been doing fine in a long time. 
    mendyk 5/4/2017 | 4:50:49 PM
    Re: Really? Sounds dubious. Kind of like using analytics to determine the source of the odd smell coming from the fridge.
    James_B_Crawshaw 5/4/2017 | 4:39:50 PM
    Re: Really? Perhaps the analytics is able to automagically determine if the router is switched on or not. That is the root cause of a large proportion of consumer broadband issues I believe, closely followed by incorrect cabling. 
    mendyk 5/4/2017 | 12:43:02 PM
    Re: Really? I went to the site to try to figure this out. The utility is not apparent, at least to the likes of me. And I'm very familiar (and comfortable) with closed-loop optimization processes. I apply them every chance I get.
    PaulERainford 5/4/2017 | 11:56:11 AM
    Re: Really? Apparently the gubbins in question combines "analytics-based insights from home networks and connected devices with a closed-loop optimization process". If you'd just thought about it for two minutes, Dennis... 
    mendyk 5/4/2017 | 10:52:05 AM
    Really? I wonder how analytics can help troubleshoot problems with home WiFi.
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