TDC A/S, Denmark’s biggest wireless carrier, joined Nordic rivals in calling for businesses to combine as falling prices in the region’s saturated market hurt earnings and hinder operators’ ability to invest.
Tele2 AB, Sweden’s second-largest telecommunications carrier, may be tempting Asia’s richest man with the chance to expand in Europe as the company’s controlling shareholder concentrates on faster-growing Internet investments.
TeliaSonera AB, Sweden’s biggest phone company, reported a 15 percent increase in third-quarter profit as restructuring efforts and gains in its Eurasian operations helped offset declining revenue. The stock rose.
DNA Oy is weighing a 2013 sale or initial public offering, said three people with knowledge of the matter, as Finland’s third-largest wireless carrier’s owners review options for the company valued at about $1.4 billion.
Nokia Oyj fell as much as 5.6 percent in Helsinki trading after introducing a smartphone that disappointed investors anticipating a handset attractive enough to push forward the company’s comeback effort.
Nokia Oyj, the Finnish mobile-phone maker seeking a comeback, reported its smallest quarterly revenue in 13 years as handset demand waned, missing analysts’ estimates and sending its stock down 8.3 percent.
Nokia Oyj gained after a report that it held talks to sell its mobile-phone business to Microsoft Corp., signaling the Finnish handset manufacturer may be open to asset disposals as part of its turnaround effort.
With the $7.2 billion sale of its mobile-phone business to Microsoft Corp., Nokia Oyj is following a path trodden by Ericsson AB of Sweden in abandoning handset manufacturing to chase networking-equipment profits.