Samsung may make ₹83,867 crore purchase from Nokia, planning to buy mobile...

tech.hindustantimes.com:

Nokia Oyj's mobile networks assets are drawing preliminary interest from suitors including Samsung Electronics Co. amid increasing pressure to find new growth in the troubled telecom equipment sector, people with knowledge of the matter said. 

The Finnish company has been having discussions with advisers about potential options for its mobile networks business, which has struggled for years to compete with larger rivals like Huawei Technologies Co., the people said. Nokia has considered a number of different scenarios, from selling some or all of the division, to spinning it off or combining with a rival, the people said. 

Deliberations are still at an early stage, and there's no certainty Nokia will decide to pursue any transaction. The entire unit could be valued at roughly $10 billion, the people said, asking not to be identified because the information is private. 

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Samsung has expressed initial interest in acquiring some Nokia assets as it seeks to gain scale in the radio access networks that connect mobile phones to telecom infrastructure, the people said. Any potential divestments could also attract interest from other rivals, the people said. 

Nokia jumped 5.1% to €3.98 in Helsinki trading on Thursday, the biggest share gain since April. The stock has risen 30% this year, giving the company a market value of about €22.3 billion ($24.7 billion).

Chief Executive Officer Pekka Lundmark has tried to turn Nokia around since taking the reins four years ago. While 5G rollouts began strong, demand from telecom operators has started declining, and the company is looking for new businesses that don't rely as heavily on carriers' network buildouts.

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A representative for Samsung declined to comment. A spokesperson for Nokia said it's committed to the success of the mobile