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Manufacturer’s former chief executive to receive payment made up of 18 months of his salary, a cash bonus and proceeds from a share incentive scheme
Nokia appears to have been priming itself to be sold to Microsoft for the past three years and according to Paul Withers, it is the best result for both parties
Once the world’s biggest handset manufacturer, Nokia will now be a Microsoft satellite following its purchase by the IT giant
Analysts are doubting whether the 41-megapixel smartphone will do enough to appeal to consumers, but Paul Withers argues it is just what the manufacturer needs to differentiate itself from its rivals
• New 41-megapixel Lumia 1020 opens ‘new chapter’ in smartphone photography – Nokia president and CEO • Camera quality may struggle to capture the imaginations of consumers, analysts argue
Manufacturer’s boss says some of its rivals aren’t exciting consumers as much as it has been with recent product launches
Shipments of smartphone range hit an all-time high, but manufacturer’s mobile business still posts a loss of €32 million
Smartphone will go on sale in the US through AT&T on July 26, before being made available in China and key European markets later in the quarter
Nokia CEO Stephen Elop revealed Telefonica will offer “certain European markets” a tweaked version of the Lumia 1020 later this year
Deal is expected to be finalised in Q3, with Siemens name phased out from the company name and branding