The latest update is out from Nokia ( (GB:0HAF) ).
Nokia has announced the transfer of its Managed Services business from the Cloud and Network Services segment to the Mobile Networks segment, effective January 1, 2025. This strategic move aligns with Nokia’s shift towards cloud-native software and ‘as-a-service’ offerings, positioning Managed Services to better fit within Mobile Networks. The recast financial information for 2024 reflects this change, indicating a strategic realignment that could impact Nokia’s operational focus and market positioning.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on mobile, fixed, and cloud networks. The company is known for its high-performance networks and intellectual property, driven by Nokia Bell Labs. Nokia provides secure, reliable, and sustainable networks, collaborating with service providers, enterprises, and partners globally to develop future digital services and applications.
YTD Price Performance: 16.52%
Average Trading Volume: 2,606,152
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.8B
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