nokia

The company’s shares have almost doubled over the last year

The shift is vital for the future’s myriad connected devices and their complex network requirements

The company is carrying out one of its biggest restructuring drives since it sold its mobile phone business

It plans to restructure into two main divisions – mobile networks and network infrastructure

The Finnish company will issue about 166 million shares to Nvidia at US$6.01 apiece

Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable

It reported 435 million euros in adjusted operating profit for the quarter

Comparable operating profit fell to 156 million euros (S$232.7 million) in the first quarter of 2025

The European Commission is scheduled to finish its preliminary review of the deal by Feb 26