Why Nokia should call time on mobilePeter Garnry
Could Nokia soon ditch its mobile phone business? Despite its best efforts, Nokia hasn’t been able to compete with the smartphone leaders like Apple and Samsung.
Recently, the Finnish company announced that it plans to buy out Siemens from their joint venture, Nokia Siemens Networks. But will this be enough to boost figures or is this a company investors should stay away from?
Saxo Bank's Peter Garnry explains what the next strategic move for Nokia might be. He believes Nokia will leave the mobile space as an independent company. It could be acquired by Microsoft at some point, which has expressed an interest in the past.