The Dhaka Times Desk Finland-based telecom equipment maker Nokia Corporation has been going through a tough time for several years. So it sounds like Nokia might be sold.
The spread of the disease caused by the deadly corona virus, Covid-19, has created additional uncertainty for Nokia's business. Despite such unfavorable situation, Nokia's share price has increased by 12 and a half percent.
Nokia is believed to be on the verge of a shakeup due to a sudden share price surge. However, the company declined to comment on the sale. A Nokia spokesperson said, "We don't want to comment on any rumored discussions." Rumor-based discussions are often created in the market based on various issues. Reports are published based on these discussions, which are not credible at all.
According to a report by TMT Finance, Nokia's share price has increased by 12.5 percent recently. The company's share price has increased after the issue of Nokia's sale came to the fore. The claim of TMT is that Nokia may be sold to a rival company. The business operations of the Nokia Group or any of its divisions may also be part of this sale process.
It is reported that Nokia has already appointed Citi as its regular investment banking partner for the sale. It is believed that the Nokia deal could be worth $1,740 million. According to a report published at the end of last February, Nokia is looking for ways to sell its assets or merge. Nokia has started working with consultants on this.
Nokia faces intense competition in the 5G network equipment market from China-based telecom equipment maker Huawei and Sweden-based Ericsson in the global market. Companies have stepped up operations to dominate the growing market. In this situation, Nokia is under a lot of pressure as a relatively small competitor.
The company is looking for potential asset sales and mergers to strengthen its position in the telecommunication equipment market. The US-China dispute over mobile network technology 5G has reached a fever pitch in recent times. Both countries are committed to leading the fifth generation network technology sector. This technology is expected to revolutionize the global wireless communication sector.
Things to do to prevent Corona virus
# stay at home all the time.
# Follow the rules and use mask when going out for emergency.
# three-layer surgical mask can be washed if desired.
# wash clothes after coming home from outside. Or hang it without shaking for at least four hours.
# Wash hands thoroughly (for at least 20 seconds) with soap or liquid before coming outside.
# plastic PPE or eyes, face, head must be washed thoroughly with detergent and dried after one use.
# Wear PPE made of cloth or clean as described.
# Use a head cap that completely covers the hair.
# Those who have sneeze cough should follow all the rules promulgated by the government. Also, wash hands as directed before and after handling food items, keys, switches, mice, remote controls, mobiles, watches, computer desks, TVs, etc. and after using the bathroom. Those who have dry hands use Moisture after washing their hands. Soap or hand liquid can be used. Why can this virus remain in the crackle (cracked part) of dry hands? Avoid using highly alkaline soaps or detergents.
English 
Bengali