Bloomberg: Nokia is thinking about selling its network equipment business

2024-08-29 18:18:02

Nokia’s Mobile Networks business supplies base stations, radio technologies and servers to wireless carriers around the world. The sector contributes about 44% of Nokia’s total revenue in 2023, making it part of the company’s largest, but business has suffered as phone companies, especially in Europe, have delaying price net upgrades, according to data compiled by Bloomberg.