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☆ Nokia misses Q2 expectations, lowers full-year guidance
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. New Nokia's logo is displayed before GSMA's 2023 ahead of the Mobile World Congress (MWC) in Barcelona, Spain February 26, 2023. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise Rasmussen and Matt ScuffhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Refinitiv, Albert Gea, Anna Ringstrom, Louise Rasmussen, Matt Scuffham Organizations: Nokia, Mobile World Congress, REUTERS, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish, Barcelona, Spain

☆ Nokia issues profit warning, rival Ericsson delivers 'lukewarm' results
▼ + stars: | 2023-07-14 | by ( Martin Coulter | ) www.reuters.com time to read: +3 min

Nokia's shares dropped 7.8% in early trade to their lowest since April 2021, while Ericsson shares were down 7.7%. Nokia reported preliminary second-quarter sales of 5.7 billion euros ($6.4 billion), while analysts polled by Refinitiv had estimated sales of 6 billion euros on average. Nokia said it now expects 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion euros estimated previously. Meanwhile, Ericsson reported a 62% fall in second-quarter adjusted operating profit, slightly above market expectations. The Swedish telecom equipment maker's operating profits, excluding restructuring charges, fell to 2.8 billion Swedish crowns ($271 million), compared with 7.4 billion crowns the previous year.

Persons: Refinitiv, Börje Ekholm, Ericsson's, Richard Webb, Webb, we’ll, Martin Coulter, Anna Ringstrom, Krishna Chandra Eluri, Tom Hogue Organizations: Nokia, Ericsson, Markets, Reuters, 5G, CSS Insight, Thomson Locations: North America, India, Swedish

☆ 5G push catches European telecom kit makers short
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 14 (Reuters Breakingviews) - The race to roll out faster 5G networks in the past two years has turned into a trap for telecom kit makers in Europe. The Finnish telecom gear group surprised investors with a profit warning; it cut its full-year net sales guidance to between 23.2 billion euros and 24.6 billion euros ($26.05 billion and $27.62 billion) from 24.6 billion euros to 26.2 billion euros previously. Mobile networks in big markets like the United States invested aggressively to roll out 5G equipment in 2021 and 2022, ending up with excessively high inventories. Yet this came just as mobile equipment makers’ customers started to rein in spending on the back of inflation, exacerbating their problem. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Karen Kwok, Lisa Jucca, Oliver Taslic Organizations: Reuters, Nokia, Ericsson, U.S, Twitter, Cathay, Thomson Locations: Europe, Swedish, Scandinavian, United States, India

☆ Nokia warns on Q2, lowers full-year results guidance
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: 1 min

STOCKHOLM, July 14 (Reuters) - Finnish telecom gear group Nokia (NOKIA.HE) reported on Friday preliminary second-quarter sales of 5.7 billion euros ($6.4 billion) and a comparable operating profit margin of 11%, and lowered its full-year outlook. Analysts polled by Refinitiv had estimated sales of 6.0 billion on average. Nokia said it now saw 2023 sales of 23.2-24.6 billion euros ($26.1-$27.6 billion) against 24.6-26.2 billion previously. It narrowed its comparable operating margin range outlook to 11.5-13% from 11.5-14% previously. ($1 = 0.8906 euros)Reporting by Anna Ringstrom, editing by Louise RasmussenOur Standards: The Thomson Reuters Trust Principles.

Persons: Refinitiv, Anna Ringstrom, Louise Rasmussen Organizations: Nokia, Nokia's Network Infrastructure, Mobile Networks, Thomson Locations: STOCKHOLM, Finnish

☆ EU seals new US data transfer pact, but challenge likely
▼ + stars: | 2023-07-10 | by ( Foo Yun Chee | ) www.reuters.com time to read: +3 min

BRUSSELS, July 10 (Reuters) - The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies that transfer personal data across the Atlantic. The move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said it would challenge the agreement. U.S. President Joe Biden welcomed the data transfer pact and said it reflected a "joint commitment to strong data privacy protections." Earlier this year, the EU's privacy watchdog, the European Data Protection Board, said the latest data agreement still fell short and urged the commission to do more to protect Europeans' privacy rights. Europe's top court scuppered the previous two deals after challenges by Schrems because of concerns about U.S. intelligence agencies' accessing European citizens' private data.

Persons: Max Schrems, Joe Biden, Didier Reynders, Schrems, Cecilia Bonefeld, Dahl, Foo Yun Chee, Kanishka Singh, Philip Blenkinsop, Christina Fincher, Leslie Adler Organizations: European Commission, Atlantic, European Court, Justice, Airbus, Apple, Ericsson, Nokia, Philips, Samsung, Data Protection, Thomson Locations: BRUSSELS, United States, Washington

☆ EU seals new US data transfer pact but challenge ahead
▼ + stars: | 2023-07-10 | by ( Foo Yun Chee | ) www.reuters.com time to read: +3 min

BRUSSELS, July 10 (Reuters) - The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies which transfer personal data across the Atlantic. However, the move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said it would challenge the agreement. The EU executive said measures taken by the United States ensured an adequate level of protection for Europeans' personal data transferred across the Atlantic for commercial use. It said new binding safeguards, such as that limiting U.S. intelligence services' access to EU data to what is "necessary and proportionate" and the setting up of a Data Protection Review Court for Europeans, address the concerns raised by Europe's top court. Earlier this year, EU privacy watchdog the European Data Protection Board said the latest data agreement still fell short and urged the Commission to do more to protect Europeans' privacy rights.

Persons: Max Schrems, Didier Reynders, Schrems, Cecilia Bonefeld, Dahl, Foo Yun Chee, Philip Blenkinsop, Christina Fincher Organizations: European Commission, EU, Atlantic, European Court, Justice, Airbus, Apple, Ericsson, Nokia, Philips, Samsung, European Data Protection, Commission, Thomson Locations: BRUSSELS, United States, EU

☆ JPMorgan names 'cheap' global sectors set to outperform — here are some of its stock picks
▼ + stars: | 2023-07-07 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

JPMorgan listed a number of global sectors it says have cheap valuations and "overweight" ratings — referring to the industries it expects to outperform over the next six to 12 months. In a July 3 research note to investors, it picked European telecoms as a "cheap" sector that it is overweight on. In its European "value" basket, telecoms companies included Vodafone and Nokia , while its European "growth" basket included Dutch firm KPN . Energy stocks in JPMorgan's European value basket included Repsol and Siemens Energy , and it included Finnish oil refiner Neste and Norway-based Equinor in its European growth basket. Staples in its European value basket included British grocer Tesco and Swiss chocolate company Lindt & Spruengli .

Persons: Mislav Matejka, Nephew, — CNBC's Michael Bloom Organizations: JPMorgan, Vodafone, Nokia, Energy, Siemens Energy, Staples, Tesco, Banks, WPP, Diageo, GSK, Smith, Prudential, Standard Chartered Locations: Norway, Swiss

☆ India's Jio set to sign $1.7 bln deal with Nokia for 5G equipment - Economic Times
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 6 (Reuters) - India's Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion with Nokia (NOKIA.HE) this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter. The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added. Jio and Nokia did not immediately respond to Reuters' requests for a comment. Jio snapped up airwaves worth $11 billion in a 5G spectrum auction last August and had launched 5G services in several cities. Swedish telecommunication company Ericsson (ERICb.ST) had in October last year, announced a partnership with Jio to build a 5G standalone network in India.

Persons: Jio, JP Morgan, Finnvera, Varun Vyas, Rashmi Aich Organizations: Nokia, Economic Times, Reliance Industries, Google, HSBC, Citigroup, Ericsson, Thomson Locations: BENGALURU, Helsinki, Finland, India, Swedish, Bengaluru

☆ Nokia renews patent license agreement with Apple
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] A mockup of the new Nokia logo is seen in this handout image released February 26, 2023. NOKIA/Handout via REUTERS/File PhotoJune 30 (Reuters) - Nokia (NOKIA.HE) said on Friday it had signed a new long-term patent license agreement with Apple (AAPL.O), as the current license between the companies expires at the end of 2023. While terms of the agreement remain confidential between the companies, it covers Nokia’s inventions in 5G and other technologies. Nokia’s patent portfolio is built on more than 140 billion euros ($152.70 billion) invested in research & development and is composed of around 20,000 patents, including over 5,500 declared essential to 5G, the Finnish company said. "The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies," said Jenni Lukander, president of Nokia Technologies.

Persons: Jenni Lukander, Khushi, Maju Samuel Organizations: Nokia, NOKIA, REUTERS, Apple, Nokia Technologies, Thomson Locations: Bengaluru

☆ Indian government meets Foxconn, Samsung, Reliance to improve PLI scheme
▼ + stars: | 2023-06-28 | by ( Shivangi Acharya | ) www.reuters.com time to read: +2 min

REUTERS/Carlos Garcia RawlinsNEW DELHI, June 28 (Reuters) - The Indian government met large global firms such as Foxconn (2354.TW), Samsung Electronics (005930.KS) and Reliance Industries (RELI.NS) to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The PLI scheme, introduced in late 2020, is Prime Minister Narendra Modi's main industrial policy to boost manufacturing. The government has so far announced incentives for 14 sectors including electronics and technology products, pharmaceutical drugs, and drones, among others, drawing investments totalling 625 billion Indian rupees ($7.62 billion) until March 2023, per the statement. Investments under the PLI scheme are expected to rise further to 2.74 trillion rupees as it runs its course, according to government estimates. With more than 1.97 trillion rupees earmarked for incentives, payouts totalled 29 billion rupees until fiscal 2023 across eight industries.

Persons: Carlos Garcia Rawlins, Piyush Goyal, Narendra, Shivangi Acharya, Janane Organizations: REUTERS, Samsung Electronics, Reliance Industries, India's Trade, Dell, Nokia Solutions, Investments, Thomson Locations: Taipei, Taiwan, DELHI, New Delhi

☆ Businesses criticise new EU data rules, consumer group sees missed opportunity
▼ + stars: | 2023-06-28 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 28 (Reuters) - Businesses and Big Tech on Wednesday criticised European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contractual freedom, while a pan-European consumer group said they did little for Europeans. The Data Act, agreed on Tuesday, sets out rights and obligations for how Big Tech and companies use European consumer and corporate data, focusing on that generated in smart devices, machinery and consumer products. Revelations by former U.S. intelligence contractor Edward Snowden in 2013 of mass U.S. surveillance have led to EU concerns about data transfers. Tech lobbying group Computer & Communications Industry Association (CCIA) said the new rules disadvantage Big Tech -labelled as large online platforms under separate newly adopted EU tech legislation - and hence limits consumers' choice. The European Consumer Organisation (BEUC) lamented the agreement as a missed opportunity to do more for users.

Persons: Edward Snowden, Cecilia Bonefeld, Dahl, CCIA, Ursula Pachl, Foo Yun Chee, Alex Richardson Organizations: Big Tech, European Union, EU, Airbus, Google, Nokia, Qualcomm, Philips, SAP, Siemens, Sony, Tech, Computer & Communications Industry Association, Digital Markets, European Consumer Organisation, Thomson Locations: BRUSSELS, EU

☆ This new $250 Nokia smartphone can be self-repaired and comes with 5G
▼ + stars: | 2023-06-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The new Nokia G42 smartphone comes with reparability features and 5G connectivity. HMD Global, the company that makes Nokia-branded smartphones, on Wednesday launched a new smartphone that can be repaired by users when parts get damaged. The purple device can be repaired by customers using parts provided by iFixit, the repair advocacy organization. HMD Global didn't provide details on U.S. availability. The launch furthers a push by HMD Global into reparability as it looks to tempt people to buy new phones.

Persons: HMD Organizations: Nokia, Wednesday, iFixit, HMD Global, Mobile World Congress Locations: reparability, Barcelona

☆ LinkedIn ages like fine wine in Microsoft’s cellar
▼ + stars: | 2023-06-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +5 min

NEW YORK, June 28 (Reuters Breakingviews) - Most corporate acquisitions deteriorate over time, but Microsoft’s (MSFT.O) $26 billion deal for LinkedIn keeps getting better. Buying LinkedIn was a bold step for Satya Nadella, who became the software goliath’s third chief executive in early 2014. Paying a 50% premium for LinkedIn and its 430 million users made it one of the technology industry’s largest deals ever and by far Microsoft’s biggest. The war over the “Call of Duty” maker is just one of many things happening at Microsoft that’s overshadowing LinkedIn. Those market dynamics have buoyed LinkedIn, which was only generating $3 billion in revenue when Microsoft bought it.

Persons: Satya Nadella, Steve Ballmer, There’s, Mark Zuckerberg, Tesla, Elon Musk, faddish, Microsoft’s, It’s, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, LinkedIn, Nokia, aQuantive, Activision, Microsoft, Facebook, Twitter, Sprout Social, Bing, Thomson

☆ Summer's here, and a 5%-10% pullback in concentrated big cap tech may be too
▼ + stars: | 2023-06-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The risk of too great a concentration in big cap tech stocks is again back in focus. Many have been saying that a 5%-10% pullback is overdue, certainly for big cap tech. The correction may already be starting: many big tech names, particularly semiconductors, were down in the high- to mid-single digits last week. (market cap vs. country GDP) Apple $2.9 trillion France $2.9 trillion Source: Wells Fargo Microsoft bigger than Italy? "Using 1999 as our example, we wonder how much longer the current chart (Apple > France and Tesla > Taiwan) is sustainable," he writes.

Persons: Today's Russell rebalance, Wells, Chris Harvey, Harvey —, Russell, There's, David Faber, Wells Fargo's Chris Harvey, Tesla, Harvey, Dan Ives, Ives Organizations: NYSE, Nasdaq, Intel, AMD, Broadcom, Apple, Microsoft, Nvidia, Wells, today's Tech, General Electric, Cisco, Walmart, Nokia, Pfizer, ExxonMobil, IBM, Citigroup, Tesla, Big Tech Locations: France, Italy, Mexico, Taiwan, Wedbush

☆ European tourist island declares itself a phone-free zone
▼ + stars: | 2023-06-21 | by ( Amaya Mcdonald | ) edition.cnn.com time to read: +2 min

CNN —As summer approaches and tourism season begins, social media users will struggle to answer the age-old question: If you didn’t post about your vacation, did you really even go? Though it may be difficult for some to resist work emails and updating social media during vacation, the island of Ulko-Tammio in Finland is urging visitors to ignore their screens and enjoy nature. “The island of Ulko-Tammio, which is located off the coast of Hamina, will be a phone-free area this summer,” Mats Selin, an expert in island tourism at Visit Kotka-Hamina, said in a news release. However, the staff of Parks & Wildlife Finland, the company that manages the island, hopes that the campaign translates to tourists unplugging and engaging with the flora, fauna and fellow visitors. “We spend countless hours scrolling our social media feeds, so taking a short break from them means you have more time for new experiences.”Visitors can spend their phone-free nights on the island in tents or in a cabin maintained by Parks & Wildlife Finland.

Persons: that’s, “, ” Mats Selin, ” Sari Castrén Organizations: CNN, Nordic, Nokia, Parks & Wildlife, Finnish Institute for Health and Welfare Locations: Ulko, Tammio, Finland, Eastern Gulf of Finland, Hamina, Parks & Wildlife Finland, Eastern Gulf

"This would be the nail in the coffin for Huawei in Europe," said Paolo Pescatore, an analyst at PP Foresight. China has asked for Huawei to be one of the main points on the agenda, one of the sources familiar with the matter said. Germany's China hawks expressed outrage in March when a Reuters story revealed that German state rail operator Deutsche Bahn was using Huawei gear to digitalise its operations. Berlin in 2021 passed a law setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. It is estimated it would cost billions of euros to rip out and replace Huawei equipment in European countries, potentially burdening telecom companies already sitting on huge debts.

Persons: Paolo Pescatore, Andrew Small, Mikko Huotari, Sweden's, Sarah Marsh, Andreas Rinke, Supantha Mukherjee, Foo Yun Chee, Sergio Goncalves, Mark Potter Organizations: European, Huawei, Deutsche Telekom, Foresight, Deutsche Bahn, Mercator Institute for China Studies, Telecom, Nokia, Sweden's Ericsson, Thomson Locations: BERLIN, STOCKHOLM, Germany, Brussels, Berlin, Beijing, Europe, China, China's, Denmark, Portugal, West, U.S, Stockholm, Lisbon

☆ Father’s Day Gifts 2023: What Dads Like Nate Berkus, David Chang and Kelly Slater Are Giving and Receiving
▼ + stars: | 2023-06-07 | by ( Christopher Ross | ) www.wsj.com time to read: 1 min

Photo: clockwise from top left: Scott Sector Fly Rod, FILSON, BIOLOGIQUE RECHERCHE, NOKIA, FLINT & PORT HAT COMPANY, Todd Demsey GolfBetween dad jokes, dadbods and chunky (and newly fashionable) dad jeans and pants, fathers are subjected to mild, mostly loving ridicule for the large part of the year. Which makes Father’s Day the exception: an interregnum from the usual give-and-take when we let dads and paternal figures know what they really mean to us and how much we appreciate those weekend breakfasts and early-morning rides to the airport. Instead of buying another tie that’s liable to get even less wear in these dressed-down, post-pandemic days, take note of what the high-profile men below are hoping to receive—and their best ideas for what to give.

Persons: FILSON, Todd Demsey Organizations: Scott, NOKIA, FLINT, HAT COMPANY Locations: BIOLOGIQUE RECHERCHE

☆ Ice Hockey-Canada defeat Germany to win World Championship gold
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

[1/5] Ice Hockey - IIHF World Ice Hockey Championship 2023 - Final - Canada v Germany - Nokia Arena, Tampere, Finland - May 28, 2023 Canada players celebrate winning the IIHF World Ice Hockey Championship 2023 with the trophy Jussi Nukari/Lehtikuva via REUTERSTAMPERE, Finland, May 28 (Reuters) - Canada beat Germany 5-2 to win gold at the Ice Hockey World Championship in Tampere on Sunday, securing a 28th title in the competition. The teams were tied at 2-2 after the first two periods at the Nokia Arena, but Germany could not sustain the pace as the Canadians dominated the third period with three goals, claiming their second gold medal in three years. Despite Germany's hopes of clinching a first-ever World Championship title, they had to settle for their first silver at the annual event since 1953. Latvia won their first ice hockey World Championship medal earlier on Sunday after holding on for a 4-3 win over the United States in Tampere to claim bronze. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Portugal moves closer to banning Chinese suppliers from 5G
▼ + stars: | 2023-05-26 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, May 26 (Reuters) - Portugal's cybersecurity council CSSC has issued a resolution that could formally bar telecom operators from using Chinese equipment in their high-speed 5G mobile networks as well 4G platforms on which the new technology is based. The CSSC is the prime minister's consultative body and its document, dated May 23, is another blow to efforts by Chinese technology giant Huawei (HWT.UL) to enter the 5G market in Portugal and possibly extend existing contracts. Portugal's existing 5G networks are not standalone and still largely based on 4G technology and equipment. Its opinion is based on an undisclosed report that evaluated the safety of equipment in public electronic communications networks involving 5G technology. Reporting by Sergio Goncalves Editing by Andrei Khalip and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Israel's Bezeq Telecom sees benefits from AI as posts flat Q1 profit
▼ + stars: | 2023-05-17 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

JERUSALEM, May 17 (Reuters) - Bezeq Israel Telecom (BEZQ.TA) reported flat quarterly profit on Wednesday, and said it expects to reap benefits from an exponential expansion of data created by artificial intelligence (AI) platforms through more lucrative fibre optics growth. Bezeq is working with Nokia to provide broadband speeds of up to 25 gigabits per second (Gbps) and said it plans to offer 10 Gbps in 2024, reaching 25 Gbps by 2027. It currently offers a maximum of 2.5 Gbps. Fischbein also said that he remained comfortable with Bezeq's forecast of 1.2 billion shekels of net profit in 2023. Shares of Bezeq were up 0.3% to 5 shekels in afternoon Tel Aviv trading, but are nearly 18% lower so far in 2023.

☆ These European companies cut jobs this year
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +4 min

TECH* ERICSSON (ERICb.ST): the telecom equipment maker will lay off 8,500 employees globally as part of its plan to cut costs, a memo seen by Reuters said. * NOKIA (NOKIA.HE): the Finnish telecom equipment maker said on May 3 it plans to cut up to 208 jobs in Finland. * PHILIPS (PHG.AS): the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines. * SAP (SAPG.DE): the German software company said on Jan. 26 it planned to shed 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business. * EVONIK (EVKn.DE): the German specialty chemicals producer said on April 3 it would cut 200 jobs as part of restructuring of its pet food unit.

☆ ‘Rip and Replace’: The Tech Cold War Is Upending Wireless Carriers
▼ + stars: | 2023-05-09 | by ( Cecilia Kang | ) www.nytimes.com time to read: +1 min

The Chinese and Western-made technology will operate simultaneously until Pine Belt can completely rid its cell towers of ZTE equipment. Pine Belt is about 15 percent into its transition away from Chinese equipment and is already $5 million over the F.C.C.’s budget, Mr. Nettles said. The tower will have to hold the old ZTE and new Nokia equipment during the rip-and-replace work to prevent any service interruptions. As Mr. Nettles parked near the tower, a customer in Selma called to complain that his cell service was cutting in and out. The customer was between one tower with ZTE equipment and another with Nokia equipment.

☆ EU sets out patent rules for smart technology to limit law suits
▼ + stars: | 2023-04-27 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

SEPs protect technology such as for 5G, Wi-Fi or Bluetooth that is needed by equipment producers to comply with international standards. Under the proposals from the European Union executive, patent holders in the fields of telecoms, computers, payment terminals and other smart technology, will be required to register their essential patents with the EU Intellectual Property Office (EUIPO). The EU proposal also includes a new supplementary protection certificate to extend a patent by five years for pharmaceutical or plant protection products. This would complement the EU unitary patent that will be launched on June 1. The rules need to be agreed with EU countries and the European Parliament before they can become law and may be amended.

☆ Nokia says draft EU patent rules one-sided, will undermine Europe
▼ + stars: | 2023-04-25 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, April 25 (Reuters) - EU draft rules aimed at staving off spats over patents essential to key technologies for telecoms equipment and connected cars appear to put the onus and cost on patent owners, which could undermine Europe's leadership in such areas, Nokia said. Under the proposal seen by Reuters, patent holders are required to register their patents with the EU Intellectual Property Office (EUIPO) if they want to charge patent fees or take legal action. The proposal is unbalanced and ignores a key problem for patent owners, said Nokia's (NOKIA.HE) head of IP policy Collette Rawnsley. "The leaked draft regulation appears one-sided with additional obligations, burdens and costs falling on SEP owners rather than implementers," she told Reuters in an interview. She said Europe, currently home to leaders in cellular standards, could even lose its lead under the draft rules.

☆ Nokia profit misses forecast, expects stronger second half
▼ + stars: | 2023-04-20 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +2 min

However, it kept its full-year outlook unchanged and said it expects profitability in the second half of the year to be stronger than the first half. First-quarter comparable operating profit fell to 479 million euros ($524.94 million) from 583 million euros last year, missing the 532.4 million euro forecast of analysts polled by Refinitiv. Net sales grew 10% in the quarter to 5.86 billion euros, beating estimates of 5.72 billion euros, Nokia said. Lundmark expects some recovery in the North American market in the second half of the year. Comparable operating margin fell to 8.2% from 10.9%.

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