Nokia Ready To Sell It’s Handset Division
There is a great likelihood that Finnish Mobile Phone Manufacturer, Nokia might consider selling its handset division as it is seriously considering some giant strides and changes concerning its future. Although this is not expected to in the short run, nevertheless it sounds very interesting since it involves one of the largest (if not the largest) mobile phone operator in the world.
This revelation was revealed by Anssi Vanjoki, Nokia’s head of marketing during an interview with the German publication Wirtschaftswoche. He further stated “boost its offering of mobile internet solutions,” He disclosed that the sale of its handset division was a possibility strongly considered by the company in the long term.
A list of possible buyers immediately surfaced as soon as the news were released. Who wouldn’t want to own a share in the spoil? Prominent amongst them is the Taiwan-based EMS firm Foxconn Electronics and it is further debated that the company may have great chances to go through with the purchase due to its great influence, DigiTimes reported.
However, based on the information received from a particular source for Chinese-language Economic Daily News (EDN), it was suggested Foxconn would have the upper hand in the outright purchase of Nokia’s handset manufacturing business compared to rivals such as Jabil and Elcoteq. The report also pointed fingers at some other Taiwanese companies that may signify interest in the acquisition of a part of the mobile giant. If the information is to be taken seriously then one will not be surprised if many other interested companies surfaces to show interest in the purchase.
“Two other Taiwan companies, the Compal Group and Lite-On Technology may also emerge as potential buyers, the paper said, noting that the Compal Group is currently Nokia’s production partner for 3G netbooks and CDMA handsets, while Lite-On is cooperating with Nokia through handset casing maker Perlos. Lite-On acquired the Finland-based Perlos in 2007,” DigiTimes reports
