Nokia is expanding partnerships with TIM Brasil and Deutsche Telekom as the Finnish telecom equipment maker accelerates its push into AI-driven network technology.

Finnish telecom equipment maker Nokia has announced that its board chair Sari Baldauf will step down, with Timo Ihamuotila proposed as her successor, following the company’s report of quarterly earnings that met market expectations.

Nokia reported third-quarter profit on Thursday that exceeded market expectations, driven by strong demand for optical networks and cloud services, including AI-focused data center sales following its Infinera acquisition.

Former Nokia CEO Pekka Lundmark has joined Finnish quantum computing startup QMill Oy as both an investor and a board member, the company announced on Wednesday.

Finnish telecommunications giant Nokia revealed on Monday that it will replace its current CEO, Pekka Lundmark, with Justin Hotard, an American executive from Intel overseeing artificial intelligence.

Nokia shares dropped after the company reported third-quarter 2024 earnings that missed analysts' sales expectations by 9%, News.Az reports citing Investing.

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson (BS:ERICAs) in seeing demand recovery in some areas, News.Az reports citing Investing.

HMD Global has taken a significant step in its rebranding process. The company has removed all Nokia smartphones from the websites of several key markets, News.Az reports.

U.S. stock futures fell Tuesday, starting the new holiday-shortened week on a cautious note ahead of the release of key labor market data, News.az reports citing Investing .