Nokia’s Alleged Fight against a Hostile Takeover Illustrates the Bumpy Road Ahead

by Leo Gergs | 2Q 2020 | IN-5801
Since Nokia’s announcement of the financial results of Q3 2019 in October 2019, the Finish network infrastructure vendor has found itself in a challenging situation. While the company reported net sales of EU€5.7 billion—or US$6.28 billion, corresponding to a 3.6% Quarter on Quarter (QoQ) increase—it also announced a pause in paying dividends to its shareholders to increase the company’s cash flow in order to cope with necessary investments into 5G technology, which proved to be more costly than expected. As a result of this decision and the lowering of 2019 and 2020 outlooks, share price dropped dramatically by 23% within the same day.

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