Latest news with #Espoo
Yahoo
6 days ago
- Business
- Yahoo
Varma invests in the eQ Community Properties Fund as the Fund Acquires School Property from Varma
Press releaseAugust 4, 2025, at 10:00 AM The Special Investment Fund eQ Community Properties has completed a transaction with Mutual Pension Insurance Company Varma regarding a school property located in Niittykumpu, Espoo. At the same time, on June 30, 2025, Varma has made an investment in the eQ Community Properties Fund. The main tenant of the property is the City of Espoo, and the premises are used by Niittykumpu School. Jennifer Eloheimo, Head of Real Estate Investments at eQ, comments: 'The strategy of the eQ Community Properties Fund is to invest in high-quality social infrastructure properties, with a strong focus on the Helsinki metropolitan area. Niittykumpu School fits this strategy extremely well. At the same time, it is a great pleasure to welcome Varma as an investor in the fund. This is an excellent indication of the fund's strong position in the market and of the trust that even the largest institutional investors place in eQ's expertise in real estate investments. We would like to thank Varma for the smooth cooperation and confidence in our fund.' Sampsa Ratia, Investment Director responsible for real estate investments at Varma, states: 'Varma has long been an active player in the Finnish real estate investment market. We see the collaboration with eQ as a significant opportunity to strengthen our position particularly in the social infrastructure segment. Social infrastructure forms an essential part of a functional and diverse society, and we are committed to supporting this development over the long term. eQ's solid experience in managing and developing social infrastructure assets complements Varma's investment strategy very well and supports our objectives as a responsible and long-term investor.' The Special Investment Fund eQ Community Properties was established in 2012 and is the largest owner and developer of social infrastructure properties in Finland. As of June 30, 2025, the value of the fund's property portfolio was approximately EUR 1.7 billion, with total assets (NAV) of about EUR 1.1 billion. The portfolio is strategically diversified across Finland's six largest growth centres, with over half of the properties located in the Helsinki metropolitan area. The fund's cash flow is primarily generated from stable, long-term lease agreements with public sector tenants, making it an attractive investment option also for institutional investors. Additional information: Jennifer Eloheimo, Head of Real Estate Investments, eQTel. +358 50 547 3660 / eQ is a Finnish group that concentrates on asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and private individuals. The assets managed by the Group total approximately EUR 13.6 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets. The parent company eQ Plc's shares are listed on Nasdaq Helsinki. More information about the Group is available on our website
Associated Press
30-07-2025
- Business
- Associated Press
Optus partners with Nokia to strengthen reliability of Voice with cloud-native solution supporting the deployment of new 5G enhanced voice services
Press Release Optus partners with Nokia to strengthen reliability of Voice with cloud-native solution supporting the deployment of new 5G enhanced voice services 31 July 2025 Espoo, Finland – Optus, the second largest operator in Australia, is extending its existing partnership with Nokia and has contracted the company to refresh its Voice Platform (IP Multimedia Subsystem – IMS) and deliver highly resilient cloud-native voice services. Voice is an important service for Australia, and with this new platform Optus will deliver highly reliable and efficient 5G voice services to over 10 million customers. Nokia's IMS platform ( Cloud Native Communication Suite – CNCS ) is cloud native, operationally efficient and has lower energy consumption, making it the right platform for addressing the needs of Australian consumers. 'Reliability is the cornerstone of Optus' Network strategy, and Voice is one of the most critical services provided by Optus. Nokia CNCS provides us with a new and highly flexible pathway that will allow us to improve network resiliency, security and enhance the subscriber experience with better and faster time-to-market services, through both on-premise and cloud deployment that assists in better quality and customer experience through a matrix of intelligent automation tools,' said Tony Baird, Chief Technology Officer at Optus. The containerized CNCS will be run on Red Hat OpenShift, the leading hybrid cloud application platform powered by Kubernetes, which is also Optus' preferred CaaS provider. 'We are pleased to further expand our Optus collaboration with Nokia's cloud-native CNCS architecture and accelerate the delivery of new 5G services in multi-cloud environments with intelligent automation and intent-based operations. By simplifying network complexity, CNCS allows operators to respond faster to customer needs and deliver a superior, frictionless experience,' said Raghav Sahgal, President of Cloud and Network Services at Nokia. The Nokia Core Network portfolio is fully cloud native which makes it much easier for operators to run their full 4G/5G Core in cloud-native network functions. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Media inquiries Nokia Press Office Email: [email protected] Follow us on social media LinkedInXInstagramFacebookYouTube
Bloomberg
24-07-2025
- Business
- Bloomberg
Nokia Profit Fell 29% Last Quarter as Weak Dollar, Tariffs Pinch
Nokia Oyj 's adjusted profit dropped 29% in the second quarter from a year earlier after the 5G equipment maker was hit by impact from tariffs and a weak US dollar. The Espoo, Finland based company's adjusted operating profit was €301 million ($354 million) in the period, down from €423 million a year ago, it said in a statement Thursday. That compared with an average analyst estimate of €399 million in data compiled by Bloomberg. The 5G equipment maker cut 2025 guidance earlier this week.
Bloomberg
22-07-2025
- Business
- Bloomberg
Nokia Cuts Profit Forecast Citing Dollar Weakness, Tariffs
Nokia Oyj said it cut its profit guidance for the year, citing a weaker US dollar and tariffs. The Espoo-Finland based company now expects operating profit for the year to be €1.6 billion ($1.9 billion) to €2.1 billion, down from its January guidance of €1.9 billion to €2.4 billion, it said in a statement on Tuesday.
Yahoo
14-07-2025
- Business
- Yahoo
Nokia network APIs now available on Google Cloud Marketplace, making it even easier for developers to utilize
Nokia network APIs now available on Google Cloud Marketplace, making it even easier for developers to utilize The Nokia network APIs available on Google Cloud Marketplace are Quality of Service on Demand, Number Verification, and Device Location Verification. 14 July 2025 Espoo, Finland – Nokia today announced that three of its network APIs – Quality of Service on Demand, Number Verification, and Device Location Verification – are now available on Google Cloud Marketplace, making it even easier for thousands of developers around the world to access the APIs to write applications that developer customers can use. Google Cloud Marketplace offers a universal catalog of solutions from Google Cloud and its partner ecosystem for customers to discover and use. Developers can use the Nokia APIs exposed via Google Cloud Marketplace to tap into multiple mobile networks and create new applications, in conjunction with the capabilities provided by Nokia's Network as Code platform with developer portal, which gives developers standardized access to network functions without having to navigate any of the underlying network technologies. Additional Nokia APIs are expected to be available on Google Cloud Marketplace in the future. 'The availability of Nokia APIs on Google Cloud Marketplace is about giving developers easy access and simplified use of trusted network intelligence. This is just the latest step in Nokia's efforts to connect programmable network assets to leading developer ecosystems,' said Shkumbin Hamiti, Vice President and Head of Network Monetization Platform, Cloud and Network Services, Nokia. Nokia APIs are patterned after GSMA Open Gateway and CAMARA open standards, allowing developers to run applications that work globally, enabled by Nokia's growing CSP partnership network. Through automation, the Quality of Service on demand API can effectively ask a network for guaranteed and reliable connectivity for a specified amount of time, such as for a live stream at a large event with thousands of people. Nokia's Number Verification API can verify whether a phone number belongs to the person using it, allowing industries such as financial services and retail to mitigate fraud and enhance user verification. Similarly, Device Location Verification can authenticate a commercial transaction request to a device owner, based on the owner's phone location and the location from which the request is coming. 'This collaboration with Nokia empowers developers and enterprises by delivering advanced telecom network capabilities directly through Google Cloud Marketplace. Making network APIs like Number Verification and Device Location Verification easily accessible unlocks new possibilities for secure, intelligent digital experiences, underscoring the value created when telco and cloud innovation converge,' said Muninder Singh Sambi, VP and GM, Networking and Security, Google Cloud. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future. Media inquiries Nokia Press Office Email: Follow us on social media LinkedIn X Instagram Facebook YouTube Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
