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Multinational: Nokia business may stabilize following Microsoft buyout

By  |  October 29, 2013

As Microsoft completes its $5.2 billion buyout of Nokia’s mobile phones operations, reports say Nokia is predicting a more stable, profitable future as it re-focuses on the NSN networks equipment business.

The Finland-based company is also rumored to be considering a buyout of struggling rival Alcatel-Lucent’s wireless business, though Nokia declined to comment on that deal.

Microsoft’s buyout, most recently cleared by the Competition Commission of India, is expected to close in the first quarter of next year. While Nokia Lumia smartphone sales have risen in the third quarter, reports say Microsoft may still struggle to make the phones competitive against Samsung and Apple products.

As the acquisition deal closes, reports say 90 percent of Nokia’s sales will be made up of NSN, the Nokia Siemens Networks business.

Full content: Reuters

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