OSLO, Oct 13 (Reuters) – Finland’s Nokia said on Tuesday it has agreed to sell its Enterprise Campus Edge (ECE) business to private equity group Aurelius. • The deal is expected to close in the first half of 2027, Nokia said in a statement, without revealing the price • “This planned transaction supports Nokia’s strategy […]
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Nokia sells Enterprise Campus Edge business to Aurelius
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OSLO, Oct 13 (Reuters) – Finland’s Nokia said on Tuesday it has agreed to sell its Enterprise Campus Edge (ECE) business to private equity group Aurelius.
• The deal is expected to close in the first half of 2027, Nokia said in a statement, without revealing the price
• “This planned transaction supports Nokia’s strategy to sharpen its portfolio and direct capital and resources to the areas where it can create the greatest long-term value,” it said
• ECE operates private wireless services for nearly 900 customers in manufacturing, mining, logistics, airports, ports and power generation worldwide
• ECE is expected to benefit from greater independence and a dedicated strategic focus, Nokia added
(Reporting by Terje Solsvik, editing by Louise Rasmussen)