Nokia selected by Claro Argentina for 5G network deployment

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Nokia gains on report Samsung is showing interest in its mobile networks assets

August 29, 2024 12:33 PM EDT

Nokia (NYSE: NOK) shares rallied 4.5% Thursday following reports that Samsung Electronics is showing preliminary interest in the Finnish company's mobile networks assets.

According to Bloomberg, Samsungs interest comes amid Nokia's discussions with advisers about potential options for its struggling mobile networks division, which has faced stiff competition from larger rivals like Huawei.

Bloomberg reported that Nokia has been... More