{"id":9106,"date":"2020-04-17T10:05:13","date_gmt":"2020-04-17T10:05:13","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=277647"},"modified":"2020-04-17T10:05:13","modified_gmt":"2020-04-17T10:05:13","slug":"nokia-tight-lipped-as-speculation-on-future-mounts","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/04\/17\/nokia-tight-lipped-as-speculation-on-future-mounts\/","title":{"rendered":"Nokia tight-lipped as speculation on future mounts"},"content":{"rendered":"

<\/p>\n

\tNokia refused to comment on media reports the company had hired an investment bank to help it defend from a hostile takeover, the latest rumour to emerge questioning the future direction of the company.<\/p>\n

Reports first published in online investor news portal TMT Finance, and subsequently cited by a number of finance publications including Reuters and The New York Times, claim Nokia hired Citi Bank to help bolster its defences against a bid for part or all of the company.<\/p>\n

Further information was not disclosed, though the reports were credited with causing a sizable bump to the company\u2019s share price when published.<\/p>\n

When contacted by Mobile World Live, Nokia said it does not comment on market rumours.<\/p>\n

The latest reports follow a turbulent start to 2020 at Nokia with the company frozen out of China Mobile\u2019s lucrative 5G tender [1], announcing a change of CEO, warning about its prospects [2] for the year, and being forced to fend off reports of asset sales.<\/p>\n

In February, Nokia denied widespread media reports it was investigating potential asset sales [3] and restructuring to improve its balance sheet. Less than a week later, it announced CEO Rajeev Suri would step down [4] to be replaced by Pekka Lundmark at the start of September.<\/p>\n

Despite comments from Suri in February on the high level of competition the 5G market, Nokia has remained bullish on its progress [5] with the technology, declaring what it claimed was a leader position in terms of related patents.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/nokia-misses-massive-china-mobile-5g-tender\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/nokia-warns-of-tough-times-despite-profit-hike\/
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/nokia-tight-lipped-on-asset-sale-restructure-rumours\/
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/nokia-ceo-suri-to-step-down\/
\n[5] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/nokia-asserts-5g-patent-leadership\/<\/p>\n\n

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Nokia refused to comment on media reports the company had hired an investment bank to …<\/p>\n

The post Nokia tight-lipped as speculation on future mounts<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Nokia tight-lipped as speculation on future mounts - ITTeacherITFreelance.hk","description":"Nokia refused to comment on media reports the company had hired an investment bank to ... The post Nokia tight-lipped as speculation on future mounts appeared f"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/9106"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=9106"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/9106\/revisions"}],"predecessor-version":[{"id":9107,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/9106\/revisions\/9107"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=9106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=9106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=9106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}