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