Global Sources
EE Times-India
Stay in touch with EE Times India
 
EE Times-India > Networks
 
 
Networks  

Credit Suisse: Divide and sell better for Nokia in the long run

Posted: 03 Oct 2012     Print Version  Bookmark and Share

Keywords:IP  telecom  financial restructuring 

Nokia is showing no signs of financial improvement in the coming year and will likely experience increased operating losses, according to Credit Suisse as reported in StreetInsider.com.

The financial services firm suggested that it may be in the best interest of Nokia to sell off its business units such as IP and telecom to interested rivals. Putting the entire company up for sale may not generate as much interest.

Nokia was once the leading mobile phone brand until recently when the popularity of smartphones surged and the likes of Apple's iPhone became a consumer staple. Its market share over the past five years suffered a huge decline resulting in massive layoffs across its facilities worldwide. The Finnish telecom giant is expected to slash close to 10,000 jobs by the end of next year as it shuts down manufacturing plants and research sites in Europe and North America.





Comment on "Credit Suisse: Divide and sell bette..."
Comments:  
*  You can enter [0] more charecters.
*Verify code:
 
 
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

 

Go to top             Connect on Facebook      Follow us on Twitter      Follow us on Orkut

 
Back to Top