sold its mobile phone business many years ago, it looks like the Finnish company is in deep waters once again. Nokia’s mobile networks business is no longer as profitable as it was four years ago when Chief Executive Officer Pekka Lundmark took the reins in an attempt to turn it around.report, Nokia now has a few options to save its mobile network business, and one of them is to simply get rid of it.
The business has made significant progress this year both on right-sizing its cost-base while protecting our product roadmap and winning new deals with new customers and increasing share with existing customers. Nokia is focused on ensuring that Mobile Networks is positioned to serve its customers building the best performing networks, investing in its portfolio and creating value for Nokia’s shareholders.