Does Nokia Have a Bright Future?
T = Trends for a Stock’s Movement
Nokia operates as a mobile communications company worldwide. It designs and develops mobile products and services; provides digital map information and related location-based content and services for mobile navigation devices, automotive navigation systems, and Internet-based mapping applications; and provides mobile- and fixed-network infrastructure, communications, and networks service platforms, as well as professional services and business solutions to operators and service providers. Nokia operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks.
Nokia says the sale of its mobile phone unit to Microsoft (NASDAQ:MSFT) will be delayed until next month because it is still waiting for approval from regulatory authorities in Asia. The Finnish company said Monday that the 5.4 billion euros ($7.3 billion) deal announced in September and expected to be completed in the first quarter of 2014, has been approved by the EU and U.S. authorities but “certain antitrust authorities in Asia” were still reviewing the deal. Last week, Nokia said it was contesting a legal case in Madras, India, by local authorities who want Nokia to pay sales tax on the export of devices made at Nokia’s plant in Chennai. Legislation in some countries requires local regulatory approval for transactions that affect companies in the region.