Nokia Corporation (ADR) (NYSE:NOK), the Finnish telecom giant Nokia said that it has now completed acquiring Mesaplexx, the Australian company in order to also boost its radio capabilities within the networking business. Nokia Corporation (ADR) (NYSE:NOK), net profit margin is -9.50% and weekly performance is 1.00%. On last trading day company shares ended up $8.06. Analysts mean target price for the company is $8.10. Nokia Corporation (ADR) (NYSE:NOK), distance from 50-day simple moving average (SMA50) is 7.38%.
Telecom Italia SpA (ADR) (NYSE:TI), and its largest shareholder, Telefonica SA (TEF) of Spain, are locked in disagreement over the future of the Italian carrier’s Brazilian business, according to people familiar with the matter. Telecom Italia SpA (ADR) (NYSE:TI), advanced 0.15% in last trading session and ended the day on $13.38. TI, Gross Margin is 56.70% and its return on assets is -6.00%. Telecom Italia SpA (ADR) (NYSE:TI), quarterly performance is 18.20%.
Telefonica S.A. (ADR) (NYSE:TEF), China Unicom and Tsinghua Holdings Technology and Innovation (THTI) signed a joint-agreement in Beijing to promote a global hub of open innovation, pooling together their innovation tools and resources. Telefonica S.A. (ADR) (NYSE:TEF), shares moved down 0.53% in last trading session and was closed at $16.90, while trading in range of $16.83 – 16.90. Telefonica S.A. (ADR) (NYSE:TEF), year to date (YTD) performance is 6.96%.
On June 06, 2014, The news of Hutchison Whampoa initiating talks with the Russian Telecom companies to merge them with Italian Mobile companies increased the price of shares of VimpelCom Ltd (ADR) (NASDAQ:VIP), by 5.01%. As per Reuters, the move is motivated by Hutchison’s 3 which has gone for acquisition in Ireland. Morgan Stanley will be the main advisor for VimpelCom Ltd. while Goldman Sachs has been tapped by Hutchison. Mediobanca may also have some role as further added by the source. VimpelCom Ltd (ADR) (NASDAQ:VIP), ended the last trading day at $8.88. Company weekly volatility is calculated as 3.54% and price to cash ratio as 3.44. VimpelCom Ltd (ADR) (NASDAQ:VIP), showed a negative weekly performance of 5.84%.
On June 07, 2014, Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY), has denied press speculation associating the replacement of the chief editor of news website Origo.hu, of which it is the exclusive owner, with the operator’s Digital Hungary partnership with the government. Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY), on last trading day company shares ended up $7.36.