Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports

Posted under: Tech Move
Date: 2024-08-30
Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports

Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn interest from suitors including Samsung Electronics. Nokia has considered multiple options including a divestment, selling some or all of its mobile networks business which could be valued at as much as $10 billion, as well as combining the business with a rival, Bloomberg said. Nokia reported last month that its second-quarter operating profit dropped 32% due to weak demand for 5G telecom equipment.

Read more at: www.reuters.com