Nokia is gearing up to acquire Comptel for $370 Million at EUR 3.04 per share. Dubbed as a major software company based in Finland, the purpose of Nokia is to take advantage in the broadband equipment manufacturing segment for 4G LTE mobile. Even though Nokia has handed over the smartphone rights to HMD Global, the company still active in the production of telecom network equipment.
The offer per share is reportedly 30 percent more than the current market price of the company. Meanwhile, the Board of directors and shareholders who occupy 48 percent of the overall shares have given the green signal for the deal between Nokia and Comptel.
When it comes to the telecom equipment arena, Nokia, Ericsson, and Huawei are the global leaders. Moreover, the 4G connectivity is rapidly expanding to emerging countries.
There are reports that few telecom companies are currently testing 5G LTE connectivity in several cities across the United States. Hence, it is absolutely important for Nokia to occupy a prime spot in the mobile equipment field. We expect Nokia to emerge as a popular player in the 4G and 5G mobile equipment segment because of the deal with Comptel.
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