Nokia Sells Private Wireless Unit to AURELIUS, Sharpening Focus
NOK sits 90% above its 52-week low of $5.19 on light trading volume (0.3× avg).
Summary
Nokia agreed to sell its Enterprise Campus Edge (ECE) business to investment firm AURELIUS. Financial terms were not disclosed. The deal is expected to close in the first half of 2027. ECE serves nearly 900 customers in manufacturing, mining, logistics, and other industries, providing private wireless networks, industrial devices, edge computing, and AI-powered automation. The divestiture aligns with Nokia's strategy to streamline its portfolio and focus on higher-value growth opportunities. Nokia reports earnings on October 22, 2026, with analysts expecting EPS of $0.08 on revenue of $5.80 billion.
At the time of this announcement, NOK was trading at $9.88 on NYSE in the Technology sector, with a market capitalization of approximately $56.1B. The 52-week trading range was $5.19 to $17.45. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Benzinga.