Monday, December 30, 2013

NSN's Jesper Ovesen to step down as Executive Chairman

   

NSN's Jesper Ovesen to step down as Executive Chairman

Nokia Corporation
Stock Exchange Release
December 30, 2013 at 14:00 (CET +1)

Espoo, Finland - Nokia today announced that Jesper Ovesen is to step down as Executive Chairman of Nokia Solutions and Networks, the group's telecoms infrastructure business.

Mr Ovesen joined NSN in September 2011, when it was a joint venture between Nokia and Siemens. He has supported NSN CEO Rajeev Suri and his management team in building a successful and industry-leading telecoms infrastructure company focused on mobile broadband and related services. Since August 2013, NSN has been fully-owned by Nokia.

Nokia Chairman and interim CEO Risto Siilasmaa said: "We thank Jesper for lending the full breadth of his restructuring and change management expertise and for playing a critical part in building a stronger NSN. NSN has developed into a profitable and leading mobile broadband specialist that is pushing the boundaries of connecting people through LTE and future technologies. We wish Jesper well for the future."

Mr. Ovesen is due to step down from his Executive Chairman role upon the closing of the transaction whereby Nokia is selling substantially all of its Devices & Services business to Microsoft, which is expected to take place during the first quarter of 2014. Mr. Ovesen will continue to serve in an advisory role for a period after the closing of the Microsoft transaction. As before, NSN CEO Mr. Suri reports to the NSN Board.

 

FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding: A) the planned sale by Nokia of substantially all of Nokia's Devices & Services business, including Smart Devices and Mobile Phones (referred to below as "Sale of the D&S Business") pursuant to the Stock and Asset Purchase Agreement, dated as of September 2, 2013, between Nokia and Microsoft International Holdings B.V.(referred to below as the "Agreement"); B) the closing of the Sale of the D&S Business; C) receiving timely, if at all, necessary regulatory approvals for the Sale of the D&S Business; D) expectations, plans or benefits related to or caused by the Sale of the D&S Business; E) expectations, plans or benefits related to Nokia's strategies, including plans for Nokia with respect to its continuing businesses that will not be divested in connection with the Sale of the D&S Business; F) expectations, plans or benefits related to changes in leadership and operational structure; G) expectations and targets regarding our operational priorities, financial performance or position, results of operations and use of proceeds from the Sale of the D&S Business; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "sees," "target," "estimate," "designed," "aim", "plans," "intends," "focus," "will" or similar expressions. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) the inability to close the Sale of the D&S Business in a timely manner, or at all, for instance due to the inability or delays in obtaining necessary regulatory approvals for the Sale of the D&S Business, or the occurrence of any event, change or other circumstance that could give rise to the termination of the Agreement; 2) the potential adverse effect on the sales of our mobile devices, business relationships, operating results and business generally  resulting from the announcement of the Sale of the D&S Business or from the terms that we have agreed for the Sale of the D&S Business; 3) any negative effect from the implementation of the Sale of the D&S Business, as we may forego other competitive alternatives for strategies or partnerships that would benefit our Devices & Services business and if the Sale of the D&S Business is not closed, we may have limited options to continue the Devices & Services  business or enter into another transaction on terms favorable to us, or at all; 4) our ability to effectively and smoothly implement planned changes to our leadership and operational structure or maintain an efficient interim governance structure and preserve or hire key personnel; 5) any negative effect from the implementation of the Sale of the D&S Business, including our internal reorganization in connection therewith, which will require significant time, attention and resources of our senior management and others within the company potentially diverting their attention from other aspects of our business; 6) disruption and dissatisfaction among employees caused by the plans and implementation of the Sale of the D&S Business reducing focus and productivity in areas of our business; 7) the amount of the costs, fees, expenses and charges related to or triggered by the Sale of the D&S Business; 8) any impairments or charges to carrying values of assets or liabilities related to or triggered by the Sale of the D&S Business; 9) potential adverse effects on our business, properties or operations caused by us implementing the Sale of the D&S Business; 10) the initiation or outcome of any legal proceedings, regulatory proceedings or enforcement matters that may be instituted against us relating to the Sale of the D&S Business, as well as the risk factors specified on pages 12-47 of Nokia's annual report on Form 20-F for the year ended December 31, 2012 under Item 3D. "Risk Factors." and risks outlined in our interim report issued on October 29, 2013. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.

Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

www.nokia.com





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Thursday, December 19, 2013

Nokia Corporation financial calendar 2014

   

Nokia Corporation financial calendar 2014

Nokia Corporation
Stock Exchange Release
December 19, 2013 at 14:15 (CET +1)

 

Espoo, Finland - Nokia provides in this release the financial calendar for 2014, which includes the planned publication dates of its interim reports.

Planned publication dates for interim reports
- report for Q4 2013 and full year 2013: January 23, 2014

- report for Q1 2014: April 29, 2014

- report for Q2 2014 and January-June 2014: July 24, 2014

- report for Q3 2014 and January-September 2014: October 23, 2014

 

Publication of "Nokia in 2013"
Nokia plans to publish its "Nokia in 2013" annual report, which includes the review by the Board of Directors and the audited annual accounts, on March 31, 2014.

Nokia's Annual General Meeting
The date and venue for Nokia's Annual General Meeting 2014 will be announced later.

About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.

Media Enquiries:

Nokia
Communications
Tel. +358 7180 34900
Email: press.services@nokia.com

www.nokia.com

 





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Thursday, December 5, 2013

Nokia Italia Partners with Sky and Microsoft for the Global Debut of Sky Go on Nokia Lumia devices

   

Nokia Italia Partners with Sky and Microsoft for the Global Debut of Sky Go on Nokia Lumia devices

Thanks to the collaboration between Nokia, Microsoft and Sky, starting from middle of December the pay-TV service on the go will be available for all  Windows Phone 8 Nokia Lumia devices in Italy

Milan, Italy - Sky Italia, Nokia and Microsoft have announced the global debut on Windows Phone of Sky Go, the service that allows users to view 30 pay-TV channels on the go. Thanks to this agreement, one of the most loved applications - already chosen by 1.9 million Sky subscribers - will be coming to the entire Nokia Lumia family in Italy starting from the middle of December.

The agreement allows Sky to enhance its mobile service by offering some of its most prestigious content to owners of Windows Phone 8 Lumia smartphones, which are increasingly widespread in Italy, in addition to allowing Nokia to enrich its cutting-edge models with the application that truly allows TV to be taken outside the home.

"Sky Go on the Windows Phone 8 platform is a world exclusive for Italy and a true Christmas present for our customers," said Paola Cavallero, General Manager, Nokia Italia. "We are particularly pleased with the partnership with Sky as it will further increase the satisfaction of our Italian users of Lumia devices. This app, in addition to the recent arrival in the Store of other successful brands such as Instagram and Vine, will be available on the entire Lumia family stretching from the Lumia 520 to the new Lumia 1520 with its high-quality 6-inch screen."

"We are pleased with this important agreement thanks to which Sky Go for the first time in the world will be making its debut on Nokia Lumia smartphones and the Windows Phone 8 platform," said Remo Tebaldi, Customer & Product Marketing Manager Sky. "Sky Go is thus taking a further step on the path of innovation, allowing an increasingly broad segment of our subscribers to enjoy ever richer and more compelling viewing experiences. In fact, this partnership will boost customers' chances to access their favourite programs on devices such as the new Nokia Lumia 1520 that guarantee the standard of excellence that has always set Sky apart."

"We are enthusiastic about our collaboration with Sky and proud that Italy has been chosen for the global debut of Sky Go on Windows Phone. This is further confirmation of the excellent results that have led our mobile operating system to become the second largest in Italy in the third quarter of 2013," said Silvano Colombo, Consumer Channel Group Manager, Microsoft Italia. "Thanks to Sky Go, the line-up of Windows Phone applications has been further expanded, confirming Microsoft's commitment to guaranteeing its users access to the best of entertainment on their smartphones as well."

About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.

Media Enquiries:

Nokia
Communications

Tiziana Pollio
Nokia Senior Communications Manager
Tel. +39 348 2315143
Email:
tiziana.pollio@nokia.com

Tel. +358 7180 34900
Email:
press.services@nokia.com

www.nokia.com

 

 

 





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