Nokia has just reported its first quarter financial results. Sales and profits were both up year-on-year, with net sales reaching 9.5 billion Euro. Device shipments were up 16% year-on-year to 107.8 million units, with sales of 'converged' devices – smartphones and mobile-enabled computers – up 57%. In addition, 10 million Nokia smartphone users have downloaded the company's free sat-nav service since January.
However, CEO Olli-Pekka Kallasvuo warned that the company continues to face tough competition at the high end of its mobile device portfolio and challenging market conditions on the infrastructure side.
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Virgin Media, which offers a 'quad-play' combination of broadband, TV, fixed-line phone and mobile services in the UK, has completed a three-year refinancing programme. It says this has fundamentally changed the capital structure of its business, providing greater flexibility and scope for the use of any surplus future cash flow.
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Mark Bridge writes:
Being an optimistic cynic isn’t easy. But, hey, I do my best.
Which is why I smiled benignly when I heard this week that WiFi provider The Cloud was offering a free app to O2 iPhone users. It's a simple tool called FastConnect and it'll make it easy for those O2 customers to find free WiFi access via hotspots powered by (you guessed it!) The Cloud.
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