Monday June 1, 2020

Samsung calls Nokia acquisition speculation "groundless"

Samsung Electronics, the world’s largest mobile-phone maker, said market speculation that it is interested in acquiring competitor Nokia Oyj is groundless.

11th June, 2012
Samsung's smartphones have helped push Nokia into a difficult position in the market.

Samsung Electronics, the world’s largest mobile-phone maker, said market speculation that it is interested in acquiring competitor Nokia Oyj is groundless.

Samsung, based in Suwon, South Korea, made the comment today in an e-mailed statement. Shares of Espoo, Finland-based Nokia fell 0.7 per cent to 2.35 euros at 11:27am. Helsinki time, after jumping 6 per cent on June 8th amid speculation Samsung is preparing an offer.

Nokia, struggling to recover lost market share, has declined 46...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago