Nokia to Sell Device Management, Service Platform Businesses for EUR185 Million
20 Dicembre 2023 - 3:14PM
Dow Jones News
By Najat Kantouar
Nokia said it is selling its device management and service
management platform businesses to Lumine Group for up to 185
million euros ($203.1 million).
The Finnish telecom equipment maker said Wednesday that the
price includes up to EUR35 million that may be paid based on
certain performance metrics being achieved over the first year.
The agreement reflects the company's strategy to actively manage
its cloud and network services business portfolio to focus on other
strategic areas, Nokia said.
The deal is expected to close in the first quarter of 2024.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
December 20, 2023 08:59 ET (13:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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