Samsung Eyes Nokia's Mobile Networks Division
Nokia explores strategic options for its mobile networks business amid declining 5G demand and increased competition.
- Nokia's mobile networks assets have drawn preliminary interest from Samsung Electronics.
- The division, valued at approximately $10 billion, contributed 44% of Nokia's total revenue last year.
- Nokia is considering various scenarios, including a full or partial sale, spin-off, or merger with a rival.
- Samsung aims to enhance its radio access networks to compete with larger players like Huawei and Ericsson.
- Nokia's shares have risen 33% this year as it seeks to diversify its business beyond traditional telecom equipment.