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.
Ericsson AB, the world’s largest maker of wireless networks, reported profit margins that beat analysts’ projections after cutting jobs and focusing on more lucrative contracts. The stock rose the most in five months.
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.
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.
Nokia Oyj predicted shrinking profit margins for its network-equipment business, signaling the company is ready to sacrifice earnings to revive sales after handing its mobile-phone division to Microsoft Corp. The stock plunged.
As Nokia Oyj struggles to catch Apple Inc. and Samsung Electronics Co. in the market for smartphones costing $500 or more, it’s counting on a bare-bones handset that sells for just $20 to give it an edge.