Monday, May 29, 2023

Nokia CEO: Samsung/Microsoft acquisition “baseless” rumours

Nokia CEO Stephen Elop denied the reports that Microsoft or Samsung are in talks to acquire the company.

Recently there have been rumours circulating in the industry that Microsoft or Samsung have plans to acquire Nokia. Earlier this month there were reports that Microsoft is said to be in talks to purchase Nokia at $19 billion. Samsung is the latest company rumored to be making a bid for Nokia. The South Korea-based Samsung declined to comment.

Speaking at the Open Mobile Summit in London today, Elop said that “all the rumours are baseless” and reiterated Nokia’s intention to create a third smartphone ecosystem to compete with Apple’s iPhone and Google’s dominant Android mobile operating system.

He said that Nokia designers are working on designs for new phones which will use Microsoft’s Windows Phone operating system, which he has previously said will come out later this year using the so-called “Mango” version.

[Source]- Guardian


Kugan is the co-founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy

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