Samsung interested in Nokia Networks to challenge Huawei, Ericsson

Samsung is reportedly interested in acquiring Nokia Mobile network assets. Bloomberg citing anonymous sources claims that Nokia’s network assets have attracted interest from several companies, including Samsung Electronics.

Nokia has been struggling to compete with major players like Huawei in the telecommunications equipment industry for several years. Therefore, the company considering selling its mobile network division to find new growth drivers.

The Finnish firm’s network division supplies base stations, wireless technology, and servers to network operators globally. This division accounted for about 44% of Nokia’s total revenue last year, making it the largest segment.

Nokia’s mobile network assets consider selling part or all of the division to spinning it off or merging with a competitor. However, the discussions are in the early stages, rendering it uncertain which direction Nokia will choose.

Sources estimate that the total acquisition amount could reach $10 billion. If Samsung acquires Nokia’s mobile networks assets, it would enhance its competitiveness. Well, Nokia denied the reports while Samsung hasn’t provided a separate statement.

There’s no doubt that the South Korean tech giant is strong in smartphones and memory semiconductors. However, the company’s scale in the telecommunications equipment sector is smaller than Huawei and Ericsson.