Nokia's surprise announcement of massive new spending cuts and 10,000 more layoffs had observers cautioning the beleaguered mobile phone giant is at a crossroads that will determine if it sinks or swims.

Ratings agency Moody's downgraded on Friday its long-term credit rating of Finnish telecommunications group Nokia by one notch to the speculative level of ‘Ba1’ and said its outlook remained negative.

Finland's Nokia, one of the world's biggest mobile phone makers, announced on Thursday that it planned to cut up to 10,000 jobs by the end of 2013 due to massive additional cost-savings measures.

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Boasting of a 41-megapixel sensor camera, Finnish handset maker Nokia on Wednesday launched its Pureview 808 in India, which will not only take head-on competitors like Samsung Galaxy SIII and HTC One

Samsung Electronics denied it was interested in acquiring Nokia, sending shares in the Finnish mobile phone company down 2 per cent.

Nokia shares rose 6 per cent last Friday on speculation of a possi

Finnish handset maker Nokia may be lagging behind global competitors like Apple and Samsung, but in the dual SIM category in India, it is the top choice for consumers, a study by marketing research fi

Addressing Nokia Oyj employees in January 2011, Chief Executive Stephen Elop - at that point only four months into the job - dramatised the company's predicament by comparing it to standing on a burni

Nokia phones once took pride of place in Manish Khatri's Mumbai store, but now models made by Samsung Electronics get the limelight.

He has nothing against Nokia, he says, but it's better for busines

Cellphone maker Nokia is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world's most expensive mobile phones, a source familiar with the company's strategy said on Monda

Korea's Samsung Electronics Co Ltd ended Nokia Oyj's 14-year leadership of the global cellphone market in the first quarter of the year, outselling the struggling Finnish handset maker for the first t