Nokia is reportedly looking to sell its mobile networks business or merge it with a competitor.
Although Nokia sold its mobile phone business many years ago, it looks like the Finnish company is in deep waters once again. Nokia’s mobile networks business is no longer as profitable as it was four years ago when Chief Executive Officer Pekka Lundmark took the reins in an attempt to turn it around.
According to a new Bloomberg report, Nokia now has a few options to save its mobile network business, and one of them is to simply get rid of it. The Finnish company reportedly had discussions with advisers about different scenarios and is considering various solutions like selling some or all of the business, merge with a competitor, or completely spinning off the business.
