Nokia CEO Lundmark to be replaced by Intel AI chief Hotard
Nokia CEO Lundmark to be replaced by Intel AI chief Hotard

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel, reports BSS. Lundmark, who has served as Nokias CEO since 2020, will leave his...

Nokia reports 89% profit surge in 2024
Nokia reports 89% profit surge in 2024

Finnish telecommunications equipment giant Nokia reported on Thursday an 89 percent rise in net profit for 2024, with sales surging in India and North America in the final three months of the year, reports AFP. Nokia said its profit after tax reached 1.28 billion euros ($1.33 billion) last year....