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Businesses Networking

Nokia Buys a Chunk of Panasonic 54

Posted by timothy
from the genune-panaphonics-bearer-bills dept.
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."
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Nokia Buys a Chunk of Panasonic

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  • From Finland (Score:5, Insightful)

    by sjbe (173966) on Thursday July 31, 2014 @09:10AM (#47574075)

    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.

Nothing is finished until the paperwork is done.