![]() Soft. Bank logs second- best annual profit, talks up T- Mobile deal potential. TOKYO (Reuters) - Japan's Soft. Bank Group Corp (9. T) said it had notched up its second- best annual profit on cost cuts and a rise in subscribers at Sprint Corp (S. N), adding that it was eager to discuss potential M& A for the loss- making U. S. Chief Executive Masayoshi Son also said the internet and telecoms giant company was close to launching a planned $1. ![]() Keppel Corporation Limited Unaudited Results for the Second Quarter and Half Year Ended 30 June 2016. The history of iPhone began with a request from inventor Steve Jobs to Apple Inc.'s engineers, asking them to investigate the use of touchscreen devices and tablet. Vision fund that aims to make it the . Two and a half years ago, Soft. Bank abandoned talks to acquire rival T- Mobile US Inc (TMUS. O) for Sprint amid opposition from U. S. Since the previous talks, T- Mobile has overtaken its rival to become the No. Son also said, however, that he was willing to discuss other possible deals for Sprint if there were better offers. Soft. Bank's operating profit for the year to end- March climbed 1. That was below an average analyst estimate of 1. Soft. Bank's numerous business including its own domestic telecoms unit, recently acquired UK chipmaker Arm as well as a vast array of investments in companies like China's Alibaba (BABA. N) make estimating its earnings difficult. For the fourth quarter, operating profit dropped 7. Soft. Bank expects to invest at least $2. Son said that talks had already begun with about 3. Asked about a possibility of investing in Toshiba Corp's (6. T) flash memory chip unit, Son said Soft. Bank would not be a main player but flagged that Taiwan's Foxconn (2. TW) may be considering a bid with Apple Inc (AAPL. O). He added that he had been consulted by Foxconn founder Terry Gou on the matter but declined to elaborate further. Foxconn, formally known as Hon Hai Precision Industry Co, is trying to woo Apple and other clients for a joint bid, sources have said. Walikum Salam Mohammad yasir Installations ke doran Language English ka Option mojod hota hai.Gou and Son, both among Asia's richest men, have done business together for years. Toshiba, hit by a crisis at nuclear unit Westinghouse, is selling the majority - or all - of its marquee flash- memory chip business - the world's second- biggest the second- biggest NAND chip producer - and has attracted a range of suitors. Soft. Bank did not release a forecast for the current business year, saying there were too many uncertain factors. Reporting by Makiko Yamazaki; Editing by Edwina Gibbs. HMD global Founded to Create New Generation of Nokia- branded Mobile Phones and Tablets. HELSINKI, Finland, May 1. PRNewswire/ - -Nokia- branded mobile phones and tablets are set to return to the global consumer market, created by a new company, HMD global Oy (. HMD has been founded to provide a focused, independent home for a full range of Nokia- branded mobile phones and tablets. HMD intends to invest over USD 5. Nokia- branded mobile phones and tablets, funded via its investors and profits from the acquired feature phone business. To complete its portfolio of Nokia branding rights, HMD has conditionally agreed to acquire from Microsoft the rights to use the . Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here. Sorry, this date currently does not have any earnings announcements scheduled. This transaction is expected to close in H2 2. Together, these agreements will make HMD the sole global licensee for all types of Nokia- branded mobile phones and tablets. The remainder of Microsoft's feature phone business assets, including its Hanoi manufacturing facility, and global distribution, fulfilment and supply chain networks, will conditionally be acquired by FIH Mobile Limited (. HMD has signed an agreement with FIH and Nokia Technologies to establish, on closing of the Microsoft transactions, a collaboration framework to support the building of a global business for Nokia- branded mobile phones and tablets. This agreement will give HMD full operational control over sales, marketing and distribution of its Nokia- branded devices, with exclusive access to the pre- eminent global sales and distribution network to be acquired by FIH from Microsoft, as well as access to FIH's world- leading device manufacturing and engineering capabilities, and its growing suite of proprietary mobile technologies and components. HMD is entering the global handset market at a time when consumers demand their mobile devices be part of a strong ecosystem that brings a compelling user experience delivered at a competitive price. HMD plans for its future Nokia- branded smartphones and tablets to run on the Android operating system, uniting one of the world's iconic mobile brands with the leading mobile software and app development community. HMD will be managed by an experienced group of mobile industry leaders. Arto Nummela, who previously held senior positions with Nokia and is currently the head of Microsoft's Mobile Devices business for Greater Asia, Middle East and Africa as well as Microsoft's global Feature Phones business, will serve as CEO on closing of the Microsoft transaction. HMD's President on closing will be Florian Seiche, currently Senior Vice President for Europe Sales and Marketing at Microsoft Mobile, who previously held leadership roles at Nokia, HTC and other global brands. Arto Nummela, CEO of HMD global, said. Branding has become a critical differentiator in mobile phones, which is why our business model is centered on the unique asset of the Nokia brand, and our extensive experience in sales and marketing. We will work with world class manufacturing and distribution providers to move quickly and deliver what customers want. Instead of Nokia returning to manufacturing mobile phones itself, HMD plans to produce mobile phones and tablets that can leverage and grow the value of the Nokia brand in global markets. Working with HMD and FIH will let us participate in one of the largest consumer electronics markets in the world while staying true to our licensing business model. We are impressed by the experience and expertise of the HMD management team and are committed to supporting them with our manufacturing, technology and supply chain capabilities, to capture market opportunities together in the future. HMD will make further announcements about its plans and product roadmaps in due course. Registered and headquartered in Helsinki, Finland, HMD is owned by Smart Connect LP, a private equity fund managed by Jean- Francois Baril, a former Nokia executive, as well as by HMD management. The Board of HMD will consist of five members, including one representative from Nokia. About. HMD global Registered and headquartered in Helsinki, Finland, HMD is a new private venture founded to create a new generation of Nokia- branded mobile devices. HMD will be run by a group of experienced industry leaders, including CEO- designate Arto Nummela, who previously held senior roles at Nokia and is currently the head of Microsoft's Mobile Devices business for Greater Asia, Middle East and Africa as well as Microsoft's global Feature Phones business, and president- designate Florian Seiche, who is currently Senior Vice President for Europe Sales and Marketing at Microsoft Mobile, and previously held key roles at Nokia, HTC and other global brands. It provides a full range of solutions to its customers in connection with end- to- end mobile devices business. SOURCE HMD global.
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