Nokia reorgs Mobile Networks biz, shuffles executives post-Alcatel-Lucent integration quoting to : The Wall Street Journal

The Ultra Broadband Networks results will include the Mobile Networks, Global Services and Fixed Networks business groups; with the IP Networks and Applications results including those from its IP/Optical Networks and Applications & Analytics business groups. Nokia set to split Global Services business from its Mobile Networks division and redraw executive responsibilities beginning April 1. One position purge will come with Samih Elhage, current president of Mobile Networks, leaving the company to "pursue new opportunities. Nokia said it will continue to report financial information for its Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies divisions. Elhage had previously served as CFO and COO at Nokia Solutions and Networks, with the departure tied to the nearly complete integration of Alcatel-Lucent.




Nokia Corp. is shaking up its core telecoms-equipment unit, as it struggles with slowing demand and a raft of new competitors. The Finnish telecommunications giant said Friday that the head of its mobile networks division is leaving the company as part of a structural and management shake-up aimed at ramping up its strategy in the face of...

Nokia Splits Mobile Networks Group, Shuffles Leadership

The company on Friday said as of April 1, the current Mobile Networks group will become two separate entities. Those will include a Mobile Networks business focused on products and solutions, and a Global Services group focused on other services. Nokia is making some strategic moves to adapt to changing market demands, including splitting its Mobile Networks business group into two distinct organizations. The company also noted the departure of current Mobile Networks President Samih Elhage, who Nokia said is leaving now that the integration with Alcatel-Lucent is complete. "These changes are designed to accelerate the execution of our strategy," Nokia President and CEO Rajeev Suri explained in a statement.


read more visit us Nokia

collected by :Andro Alex