A US judge dismissed a lawsuit accusing Nokia of misleading shareholders on difficulties integrating Alcatel-Lucent assets into its business and its progress with 5G. Following the decision, the case cannot be refiled in its current form.
The proposed class action lawsuit had been thrown out because the accusers failed to identify any statements which could be deemed false or misleading when they were made. In his conclusion, the judge added Nokia had made continuous disclosures on both issues.
The case was filed in March 2019 when Nokia was under the leadership of former CEO Rajeev Suri. It surrounded issues in the wake of Nokia’s attempts to integrate Alcatel-Lucent into its business following its acquisition in 2016. It also included wider claims about misleading statements on the vendor’s position in the fledgling 5G ecosystem.
After its first year, Abysalto is entering a phase of growth, cultural consolidation and preparation of products for foreign markets. The company now has around 450 people and a broad portfolio, from transport and energy to HR, public procurement, and sales automation. Željko Tandarić says AI will not eliminate good developers, but will move them towards the role of system architects and orchestrators.
Qualcomm has finalized the renewal of its global licensing agreement with Apple, which is scheduled to commence on April 1, 2027.
Telefonica has established a hardware and devices unit within its consumer business segment in Spain.
