European Telecom Giant Considers Expanding U.S. Manufacturing In Response To Tariffs

Finnish telecommunications equipment company Nokia reported a loss of 60 million euros, or 0.01 euros per share, from its continuing operations on Thursday.

European Telecom Giant Considers Expanding U.S. Manufacturing In Response To Tariffs

Finnish telecom giant Nokia is considering an expansion in U.S.-based manufacturing operations in an effort to mitigate the impact of tariffs imposed by President Donald Trump, Justin Hotard, Nokia’s new CEO, announced Friday. Nokia reported weaker than expected first-quarter 2025 results on Thursday. The Finnish telecommunications manufacturer predicts tariffs will have an approximately $22 million to $34 million impact on its second-quarter co…

Nokia reported a 3 percent year-on-year reduction in revenue in the first quarter of 2025, a product of a considerable reduction in Nokia Technologies sales. The company expects an impact of between 20 and 30 million euros on its second quarter operating profit due to the rise in tariffs imposed by the United States. “As for the tariff situation, there could be some short-term interruption. We will continue to take advantage of the flexibility o…

Nokia feels global tariff pinch - but its quiet UK business is booming

Nokia is bracing for disruption from renewed US trade tensions, but its UK business has quietly bucked the trend - posting steady growth and highlighting the differing fortunes within the firm's major markets.

Nokia Posts €68 Million Q1 Loss Amid Market Challenges

Nokia Corporation reported a €68 million net loss for Q1 2025, a stark contrast to the €291 million profit in Q1 2024, as surging costs and sluggish demand for 5G equipment battered its bottom line. The Helsinki-based firm, a cornerstone of Nigeria’s 5G rollout, saw its stock (NOK) slide to $4.865 on April 24, 2025, down 8.57% from the previous day’s close of $5.31, per real-time financial data. Reuters noted that Nokia’s mobile networks unit, c…

OFF Global, Nokia’s Laptop Licensee, Shuts Down

It seems that another chapter in Nokia’s brand-licensing journey has come to an end. OFF Global, the French company responsible for manufacturing and selling Nokia-branded laptops, is no more. Their official website off.global has gone offline, and a quick look at their LinkedIn page confirms the news — OFF Global has ceased operations. While no […] The post OFF Global, Nokia’s Laptop Licensee, Shuts Down first appeared on Nokiamob.