29 June, 2017
Espoo, Finland - Nokia today announced the successful
completion of its acquisition of Comptel Corporation, a
Finland-based telecommunications software company. The acquisition
was announced February 9, 2017.
The acquisition advances Nokia's strategy to build a standalone
software business at scale by expanding and strengthening its
software portfolio and go-to-market capabilities. Comptel bolsters
Nokia's software portfolio by adding capabilities that help digital
service providers bring new communications services to market
faster, master the orchestration of services and order flows,
capture data-in-motion and refine decision-making.
When combined with Nokia's Operations Support Systems (OSS),
Business Support Systems (BSS), analytics, security and cloud
technology, Nokia will be able to offer the software intelligence
and real-time network information to deliver better digital
experiences and operations in a cloud environment.
About Nokia We create the technology to connect the
world. Powered by the research and innovation of Nokia Bell Labs,
we serve communications service providers, governments, large
enterprises and consumers, with the industry's most complete,
end-to-end portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the Internet of
Things, to emerging applications in virtual reality and digital
health, we are shaping the future of technology to transform the
human experience. www.nokia.com
Media Enquiries:Nokia Communications Phone: +358 10
448 4900 Email: press.services@nokia.com
FORWARD-LOOKING STATEMENTSIt should be noted that Nokia
and its businesses 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) our ability to integrate Alcatel Lucent into our
operations and achieve the targeted business plans and benefits,
including targeted synergies in relation to the acquisition of
Alcatel Lucent; B) expectations, plans or benefits related to our
strategies and growth management; C) expectations, plans or
benefits related to future performance of our businesses; D)
expectations, plans or benefits related to changes in
organizational and operational structure; E) expectations regarding
market developments, general economic conditions and structural
changes; F) expectations and targets regarding financial
performance, results, operating expenses, taxes, currency exchange
rates, hedging, cost savings and competitiveness, as well as
results of operations including targeted synergies and those
related to market share, prices, net sales, income and margins; G)
expectations, plans or benefits related to any future collaboration
or to the business collaboration agreement and the patent license
agreement between Nokia and Apple announced on May 23, 2017,
including income to be received under any collaboration or
partnership or agreement; H) timing of the deliveries of our
products and services; I) expectations and targets regarding
collaboration and partnering arrangements, joint ventures or the
creation of joint ventures, including the creation of the new Nokia
Shanghai Bell joint venture and the related administrative, legal,
regulatory and other conditions, as well as our expected customer
reach; J) outcome of pending and threatened litigation,
arbitration, disputes, regulatory proceedings or investigations by
authorities; K) expectations regarding restructurings, investments,
capital structure optimization efforts, uses of proceeds from
transactions, acquisitions and divestments and our ability to
achieve the financial and operational targets set in connection
with any such restructurings, investments, capital structure
optimization efforts, divestments and acquisitions; and L)
statements preceded by or including "believe," "expect,"
"anticipate," "foresee," "sees," "target," "estimate," "designed,"
"aim," "plans," "intends," "focus," "continue," "project,"
"should," "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) our ability to execute our strategy, sustain or
improve the operational and financial performance of our business
and correctly identify and successfully pursue business
opportunities or growth; 2) our ability to achieve the anticipated
benefits, synergies, cost savings and efficiencies of the
acquisition of Alcatel Lucent, and our ability to implement our
organizational and operational structure efficiently; 3) general
economic and market conditions and other developments in the
economies where we operate; 4) competition and our ability to
effectively and profitably compete and invest in new competitive
high-quality products, services, upgrades and technologies and
bring them to market in a timely manner; 5) our dependence on the
development of the industries in which we operate, including the
cyclicality and variability of the information technology and
telecommunications industries; 6) our global business and exposure
to regulatory, political or other developments in various countries
or regions, including emerging markets and the associated risks in
relation to tax matters and exchange controls, among others; 7) our
ability to manage and improve our financial and operating
performance, cost savings, competitiveness and synergies after the
acquisition of Alcatel Lucent; 8) our dependence on a limited
number of customers and large multi-year agreements; 9) exchange
rate fluctuations, as well as hedging activities; 10) Nokia
Technologies' ability to protect its IPR and to maintain and
establish new sources of patent licensing income and IPR-related
revenues, particularly in the smartphone market; 11) our ability to
successfully realize the expectations, plans or benefits related to
any future collaboration or to the business collaboration agreement
and the patent license agreement between Nokia and Apple announced
on May 23, 2017, including income to be received under any
collaboration or partnership or agreement; 12) our dependence on
IPR technologies, including those that we have developed and those
that are licensed to us, and the risk of associated IPR-related
legal claims, licensing costs and restrictions on use; 13) our
exposure to direct and indirect regulation, including economic or
trade policies, and the reliability of our governance, internal
controls and compliance processes to prevent regulatory penalties
in our business or in our joint ventures; 14) our ability to
identify and remediate material weaknesses in our internal control
over financial reporting; 15) our reliance on third-party solutions
for data storage and service distribution, which expose us to risks
relating to security, regulation and cybersecurity breaches; 16)
inefficiencies, breaches, malfunctions or disruptions of
information technology systems; 17) Nokia Technologies' ability to
generate net sales and profitability through licensing of the Nokia
brand, particularly in digital media and digital health, and the
development and sales of products and services, as well as other
business ventures which may not materialize as planned; 18) our
exposure to various legislative frameworks and jurisdictions that
regulate fraud and enforce economic trade sanctions and policies,
and the possibility of proceedings or investigations that result in
fines, penalties or sanctions; 19) adverse developments with
respect to customer financing or extended payment terms we provide
to customers; 20) the potential complex tax issues, tax disputes
and tax obligations we may face in various jurisdictions, including
the risk of obligations to pay additional taxes; 21) our actual or
anticipated performance, among other factors, which could reduce
our ability to utilize deferred tax assets; 22) our ability to
retain, motivate, develop and recruit appropriately skilled
employees; 23) disruptions to our manufacturing, service creation,
delivery, logistics and supply chain processes, and the risks
related to our geographically-concentrated production sites; 24)
the impact of litigation, arbitration, agreement-related disputes
or product liability allegations associated with our business; 25)
our ability to optimize our capital structure as planned and
re-establish our investment grade credit rating or otherwise
improve our credit ratings; 26) our ability to achieve targeted
benefits from or successfully achieve the required administrative,
legal, regulatory and other conditions and implement planned
transactions, including the creation of the new Nokia Shanghai Bell
joint venture, as well as the liabilities related thereto; 27) our
involvement in joint ventures and jointly-managed companies; 28)
the carrying amount of our goodwill may not be recoverable; 29)
uncertainty related to the amount of dividends and equity return we
are able to distribute to shareholders for each financial period;
30) pension costs, employee fund-related costs, and healthcare
costs; and 31) risks related to undersea infrastructure, as well as
the risk factors specified on pages 67 to 85 of our 2016 annual
report on Form 20-F under "Operating and financial review and
prospects-Risk factors" and in our other filings with the U.S.
Securities and Exchange Commission. Other unknown or unpredictable
factors or underlying assumptions subsequently proven to be
incorrect could cause actual results to differ materially from
those in the forward-looking statements. We do 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.
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