Core Insights - Nokia has been working to re-establish itself as a significant player in the technology industry over the past few years [1] - The company has undergone leadership changes, having its third CEO since April 2025 [1] Company Developments - Nokia's efforts to regain market position indicate a strategic shift within the company [1] - The frequent changes in leadership may reflect challenges in executing its business strategy [1] Industry Context - The technology industry is highly competitive, and Nokia's re-establishment efforts are crucial for its survival and growth [1]

抱石是攀岩运动的一个分支，特指攀登者在无绳索的状态下，只依靠自身力量完成的攀登。因为抱石尤 其讲究攀登过程中的动态爆发力与身体平衡，对攀登者的心理素质、身体素质要求极高，因此又被称 为"峭壁上的芭蕾"。 作者称自己曾在法国的枫丹白露生活过一段时间，那里不仅有古老的森林，还拥有好几条全球知名的抱 石线路。而他自己也曾尝试过抱石，结果只能用惨不忍睹形容，"尽管我确实找到了一个小小的落脚 点，但还是在离地半米多高的地方滑了下来"。 后来，作者开始专注于观察专业攀岩者的攀登方法。他发现，专业攀岩者会把巨石称为"问题"，把最难 跨越的点叫作"症结"。要想征服一条抱石线路，不仅需要体力和雄心，还必须解出"症结的谜题"，并且 有勇气在离地两层楼高的地方做出一系列十分精巧的动作，才可能登顶。 如果不是《好战略，坏战略2》这本著作详细记录了作者写作的心路历程，人们可能很难直观感受到， 经济学家究竟是用怎样的视角来看待这个世界的。 2023年，美国管理学家、有"全球三大战略研究专家之一"之称的理查德·鲁梅尔特出版了畅销书《好战 略，坏战略》的续作。续作试图回答一个看似简单的问题：人人都在谈战略，但究竟什么是好战略，怎 样制定和落 ...

Core Insights - Nokia and Senetas Corporation have formed an alliance to provide integrated, mission-critical security solutions for modern defense environments, combining Nokia's network solutions with Senetas' quantum-resistant encryption technology [1][11]. Partnership Overview - The collaboration aims to enhance security for high-speed, geographically dispersed operations against sophisticated cyber threats by integrating Nokia's Optical LAN, IP, and Optical portfolios with Senetas' advanced encryption [2]. - This partnership offers robust, end-to-end protection from core networks to tactical edges, addressing the need for enhanced sovereign defense capabilities and critical infrastructure resilience in Asia [3]. Security Enhancements - The alliance focuses on eliminating vulnerabilities across the entire communications chain, including data centers and frontline environments, which are crucial for Intelligence, Surveillance, and Reconnaissance (ISR) and combat operations [4]. - Senetas' quantum-resistant encryption provides military-grade protection across various mission environments, safeguarding critical assets from advanced cyber threats [4]. Compliance and Standards - The Nokia-Senetas solution enables defense and government organizations to maintain data integrity and confidentiality while adhering to stringent security certification requirements, including FIPS and Common Criteria [5]. - The partnership emphasizes a commitment to sovereign, trusted solutions, leveraging Nokia's leadership in secure networks and Senetas' independently certified encryption technology [5]. Strategic Benefits - Nokia's management highlighted the company's role as a trusted partner in the defense community, enhancing its quantum-safe capabilities through this partnership to meet specific defense requirements [6]. - The strategic alliance is expected to significantly benefit Nokia, as it continues to pursue growth in various segments, including Network Infrastructure and Cloud services [9].

Core Insights - Telefonica, S.A. (TEF) has extended its partnership with Nokia for five years to modernize its radio access network in Germany, supporting accelerated 5G rollout and sustainable digitalization goals [1][11] - The agreement includes the deployment of Nokia's energy-efficient AirScale RAN portfolio, enhancing coverage and network reliability [2][11] - The initiative aims to advance network automation through AI-driven orchestration, leveraging Nokia's MantaRay NM platform [4][11] Network Modernization and 5G Expansion - Nokia will provide advanced solutions including Habrok Massive MIMO radios, multi-band remote radio heads, and small cells to improve indoor performance and overall network reliability [2][3] - The rollout will utilize Nokia's Interleaved Passive Active Antenna (IPAA+) to streamline site deployment and accelerate 5G expansion [3] Strategic Partnerships and Contracts - Telefonica has signed long-term contracts, including a 16-year agreement with DIGI in Spain, enhancing infrastructure quality and ensuring stable revenue [6] - The company is also collaborating with Vodafone and has entered renewable energy agreements in Chile and Mexico [6] Financial Outlook - For 2025, Telefonica anticipates organic growth in revenues, EBITDA, and EBITDAaL - CapEx, aiming to keep CapEx below 12.5% of sales and maintain free cash flow at 2024 levels [9] Market Position and Performance - Telefonica's 5G network in Spain covers nearly 94% of the population, with the miMovistar portfolio gaining traction [5] - The company is experiencing growth in its B2B segment in Germany, supported by steady ARPU and low churn in O2 contracts [7]

Core Insights - Nokia has signed a 5-year contract extension with Telefónica Germany to modernize and upgrade its radio access network until 2030, focusing on 5G expansion and sustainable digitalization in Germany [2][6] - The agreement includes the deployment of Nokia's advanced Cloud RAN solutions and AI-powered technologies to enhance network performance and customer experience [2][5] Group 1: Contract Details - The contract involves the supply of Nokia's energy-efficient AirScale RAN portfolio, including Habrok Massive MIMO radios, Pandion multi-band remote radio heads, and AirScale small cell solutions [3] - Nokia will also provide baseband solutions to improve 5G network performance and reliability for Telefónica [3][4] Group 2: Technological Advancements - The deployment will feature Nokia's Interleaved Passive Active Antenna (IPAA+) solution to streamline site design and expedite 5G rollout [4] - Telefónica will utilize Nokia's AI-powered network management solution, MantaRay NM, to support RAN and Cloud RAN operations, aiming for automation level 4 through AI orchestration [5] Group 3: Strategic Importance - The partnership aims to enhance Telefónica's performance, efficiency, and customer experience across its 5G network, positioning the company for long-term competitiveness amid the AI Supercycle [5][6] - Both companies express a shared commitment to advancing 5G technology and fostering a more connected and sustainable Germany [6]

Finnish network infrastructure company Nokia Oyj (NOK) has announced that it will collaborate with the Trump administration to invest $4 billion to expand R&D and manufacturing in the U.S. This is in addition to Nokia’s $2.30 billion investment in U.S. manufacturing as part of its Infinera acquisition. The investment is expected to strengthen the company’s artificial intelligence (AI) optimized networking solutions in the country. In light of this development, we take a deeper look at Nokia. More News fr ...

Group 1 - Nokia announced its intention to delist from the Paris Stock Exchange, with the delisting expected to take effect on December 31, 2025 [1] - The decision to delist is based on a comprehensive assessment of trading volume, costs, and administrative requirements associated with being listed on the Paris exchange [1] - Nokia's shares will continue to be listed on the Helsinki Nasdaq and its American Depositary Receipts will remain on the New York Stock Exchange [1] Group 2 - Nokia has entered into a strategic partnership with NVIDIA, involving a directed share issue of 166,389,351 new shares for a $1 billion equity investment from NVIDIA [4] - NVIDIA will acquire these shares at a subscription price of $6.01 per share, resulting in NVIDIA holding 2.9% of Nokia [4] - The partnership aims to adjust Nokia's 5G and 6G software to operate on NVIDIA chips, while NVIDIA will explore the use of Nokia's data center technology in AI infrastructure [4]

Group 1 - Nokia announced its decision to delist from the Euronext Paris exchange, expected to take effect on December 31, 2025, based on a comprehensive assessment of trading volume, costs, and administrative requirements [1] - The delisting requires approval from the Euronext Paris board and is anticipated to be formalized within three months after receiving this approval [1] - Nokia's shares will continue to be listed on the Helsinki Nasdaq and its American Depositary Receipts will remain on the New York Stock Exchange [1] Group 2 - Nokia's board has decided to issue 166,389,351 new shares in a directed share issue, allowing NVIDIA to make a $1 billion equity investment [3] - NVIDIA will subscribe to these shares at a price of $6.01 per share, resulting in NVIDIA holding 2.9% of Nokia [3] - The partnership aims to adjust Nokia's 5G and 6G software to run on NVIDIA chips, with NVIDIA exploring the use of Nokia's data center technology in AI infrastructure [3]

Group 1: Company Performance - Best Buy reported Q3 revenue of $9.67 billion, a year-over-year increase of 2.7%, with adjusted diluted EPS of $1.40 compared to $1.26 in the same period last year [1] - RoboSense achieved total revenue of approximately 407 million yuan in Q3, with LiDAR sales volume increasing by 34.0% year-over-year [2] - Alibaba's instant retail business generated revenue of 22.906 billion yuan in Q2 of FY2026, marking a 60% year-over-year growth [3][5] - Xiaomi repurchased 2.5 million shares for over 100 million HKD, with a total of 24 million shares repurchased this month [4] - NIO reported Q3 revenue of 21.79 billion yuan, a 16.7% year-over-year increase, with vehicle deliveries reaching 87,071 units, up 40.8% [8] - Zhihu's Q3 revenue was 659 million yuan, with a non-GAAP operating loss narrowing by 16.3% year-over-year [11] Group 2: Market Developments - Nokia announced its intention to delist from the Paris Stock Exchange, effective December 31, 2025 [2] - The Singapore National AI Program has shifted from using Meta's model to Alibaba's Qwen open-source architecture [13] - The U.S. investment consulting firm predicts that TSMC's market value could surpass Apple's by 2030, driven by AI demand [16] Group 3: New Products and Innovations - Huawei officially launched its first Harmony OS 2-in-1 tablet, the MatePad Edge, starting at 5,999 yuan [15] - Tuya Smart reported Q3 revenue of $82.5 million, marking the ninth consecutive quarter of year-over-year growth [6]

Core Insights - Nokia is launching a new innovation campus in Ottawa, which will enhance Canada's position as a leader in connectivity and technology [1][2] - The campus will focus on advancements in AI-powered networks, quantum-safe infrastructure, and next-generation 6G technologies [1][3] - The project is supported by the Government of Canada, Ontario, and the City of Ottawa, highlighting strong public-private partnerships [5][10] Company Developments - The new campus will span nearly 750,000 square feet and will serve as a hub for over 1,900 R&D professionals in Ottawa [2] - Nokia aims to strengthen its commitment to innovation and local talent development through this expansion [6][7] - The facility will incorporate sustainable design principles, including LEED standards and renewable energy systems [4][8] Industry Impact - The Ottawa campus is expected to drive economic growth and set new standards in digital infrastructure [4][8] - Nokia's partnerships with NVIDIA and leading universities will attract global talent and foster tech-driven prosperity [7] - The project is positioned to enhance Canada's capabilities in AI, quantum technologies, and secure digital infrastructure [9][10]