Nokia (NOK1V.HE) named the man who led a turnaround at its main telecoms network business as its new chief executive on Tuesday, boosting investors' confidence in the future of the company following the sale of its once dominant handset arm.
The Finnish firm, which completed the 5.6 billion euro ($7.8 billion) deal to sell its mobile handset business to Microsoft (MSFT.O) on Friday, said Rajeev Suri would become its CEO on May 1, replacing Stephen Elop who is moving to Microsoft.
It also announced forecast-beating quarterly results, driven by cost-cutting and software deals at its networks arm, formerly called NSN, and plans to return $3.1 billion to shareholders, helping to send its shares over 7 percent higher...
The Finnish firm, which completed the 5.6 billion euro ($7.8 billion) deal to sell its mobile handset business to Microsoft (MSFT.O) on Friday, said Rajeev Suri would become its CEO on May 1, replacing Stephen Elop who is moving to Microsoft.
It also announced forecast-beating quarterly results, driven by cost-cutting and software deals at its networks arm, formerly called NSN, and plans to return $3.1 billion to shareholders, helping to send its shares over 7 percent higher...
Source: News in Hindi
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