Nokia Buys a Chunk of Panasonic

jones_supa (887896) writes "Nokia's future as a company focused on providing network solutions, rather than mobile phones, looks to be bright. The company made big profits in the second quarter of 2014 after selling its mobile devices unit — the cornerstone of Nokia's rise in the 1990s — to Microsoft. Meanwhile Nokia has been buying up other businesses such as the Chicago-based SAC Wireless. Now Nokia is acquiring part of Panasonic's network business in an effort to boost its presence in Japan. The deal announced Thursday will give the Finnish firm control of roughly one third of Japan's mobile network market."

Comments

SAC wireless?

[rossdee]

How good is the cellphone reception in a Minuteman silo?

From Finland

[sjbe]

I thought that Nokia was a Japanese company.

No insult intended (seriously) but you were pretty much the only one who thought that. They are a Finnish company and that fact is well known worldwide. I can see how one might think they were Asian though since so much electronics comes from that part of the world. But Nokia got quite a lot of press regarding where they were from.

Re:From Finland

[LifesABeach]

With all of Ericsson's employees mainly Indian, one could easily think Eric's son migrated east, not west?

Re:From Finland

[sjbe]

Nokia is indeed a Japanese company.

I think Nokia will be surprised to hear that since their HQ is in Finland and always has been.

The submitter AND the editor are confusing Nokia with Ericsson, which IS a Finnish company.

And Ericssson will be surprised to hear they are no longer Swedish.

Re:From Finland

[bill_mcgonigle]

They are a Finnish company and that fact is well known worldwide.

Most people knew them for their snow tires before their cell phones. He must not live in the snow belt. I'm glad they separated the two businesses - I still buy Nokian snow tires and I sure as hell don't want Microsoft involved in my winter traction!

Re:Nokia still has products?

[Ceriel Nosforit]

They started out in 1904 making rubber. Today they provide large part of Finland's export, so around here they are considered 'too big to fail'.

Importing a CEO from abroad was seen with great suspicion, which is why Elon made such a grand and public gesture of assimilating Finnish culture for a few months. - A venture about as daft as scheduling Tibet for two years to get enlightened.

Re:Nokia still has products?

[c]

I hear the cultural assimilation process went pretty well until he tried the salmiakki. That experience turned out to be the impetus for the "burning oil platform" memo.

Re:Nokia still has products?

[Darinbob]

I think a CEO from abroad wasn't as big a concern as a CEO from Microsoft. They've had several foreigners high up in the executive staff and on their board for some time.