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Nokia is coming to an end, with sales and mergers under consideration

Nokia is coming to an end, with sales and mergers under consideration. (Image source: Digital Risks)
Nokia is coming to an end, with sales and mergers under consideration. (Image source: Digital Risks)
Bloomberg reports that Nokia is coming to an end because of "fierce competition" from the likes of Ericsson and Huawei. The company is currently reviewing various, including asset sales and mergers. Nokia also states that it does not expect a major recovery in profits until next year at the earliest.
Alex Alderson,
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Nokia Oyj, not to be confused with the trading name of HMD Global, has run into trouble, according to Bloomberg. Citing "people familiar with the matter", Nokia is currently working with consultants to determine how to make the company profitable again. The company has already suspended its dividend for this year, with its shares having lost almost a third of its value in the last year.

Apparently, assets sales, mergers, shifting investments and making balance-sheet adjustments are all being considered. Unsurprisingly, the information remains private for the time being, but a full sale or merger is yet to be discounted. Bloomberg states that there has been limited interest from potential customers, though. The website claims that Nokia declined to comment, too.

Bloomberg has floated the idea of Nokia Oyj merging with Ericsson AB, but pointed out that such a deal would be inherently complex. One complexity would apparently be anti-trust scrutiny. A deal or cooperation with Huawei was not mentioned, although the Chinese company is the only other real rival that Nokia has.

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Alex Alderson
Alex Alderson - Senior Tech Writer - 4304 articles published on Notebookcheck since 2018
Prior to writing and translating for Notebookcheck, I worked for various companies including Apple and Neowin. I have a BA in International History and Politics from the University of Leeds, which I have since converted to a Law Degree. Happy to chat on Twitter or Notebookchat.
contact me via: @aldersonaj
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 03 > Nokia is coming to an end, with sales and mergers under consideration
Alex Alderson, 2020-03- 3 (Update: 2020-03- 3)