Bloomberg reports that Samsung may be interested in acquiring Nokia’s telecom network business, following Nokia’s struggles against larger competitors like Ericsson and Huawei. Currently, Nokia is consulting with financial advisors to explore possible business directions, including selling a portion, selling it entirely, spinning off the company, or merging with a competitor. Bloomberg’s sources state that Nokia has not yet made a decision on which path to take.
Samsung already has a presence in the telecom network equipment business, albeit with a smaller market share compared to Nokia. However, in terms of overall company size, Samsung is significantly larger. The telecom network business of Nokia is estimated to be worth around $10 billion, generating approximately 44% of the company’s revenue, making it Nokia’s largest business unit at present.
Source: Bloomberg via Yahoo! Finance
TLDR: Samsung is considering acquiring Nokia’s struggling telecom network business, which is Nokia’s biggest unit, accounting for 44% of its revenue.
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