Nokia Explores Sale of Managed Services Business

Nokia Explores Sale of Managed Services Business

Nokia Oyj is weighing a sale of its managed services business, people familiar with the matter said.

The Finnish telecommunications company is working with advisers to gauge interest from potential suitors, the people said, asking not to be identified discussing confidential information. The unit generates annual revenue of about 500 million euros ($510 million) and is expected to draw interest from private equity firms, according to the people.

sirmborg