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


FILE PHOTO: The logo of Samsung is seen on the top of a Brussels' office of the company in Diegem, Belgium September 21, 2023. REUTERS/Yves Herman/File Photo

(Reuters) - Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn interest from suitors including Samsung Electronics, Bloomberg News reported on Thursday, citing people familiar with the matter.

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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Italian court rules Netflix price-hike clauses are void, orders refunds
Trump administration proposes expanding Chinese tech gear crackdown
Moscow shoppers and travellers hit by payment system problem
Streaming channel for pets launched in China
Samsung Elec likely to report stupendous surge in quarterly profit to record level
AI-generated 'Fruit Love Island' takes TikTok by storm
Kremlin's drive for a state-backed messaging app touches a nerve for some
Chromebook remorse: Tech backlash at schools extends beyond phones
A US$280mil crypto hack exposes a human weak link in DeFi
Doctors couldn’t help them. They rolled the dice with AI.

Others Also Read