(Reuters) – U.S.-listed shares of Nokia leapt around 5% in prolonged trading on Tuesday after T-Mobile claimed it has no strategies to quit working with the Finnish business in a reaction to an expert record declaring such an opportunity.
Nokia shares shut down about 7% after Earl Lum of EJL Wireless Research claimed in a LinkedIn message there is an opportunity that Nokia might be come by T-Mobile for Swedish company Ericsson.
“We have made no decision to end our working relationship with Nokia, and any reports in the media implying this are untrue,” T-Mobile claimed in a declaration.
Lum aimed in the message to Nokia’s lack of ability to provide on T-Mobile’s networking demands and the supremacy of Ericsson’s items.
“T-Mobile works with both Nokia and Ericsson on our RAN, who have helped us over the years build the largest and fastest 5G network in the nation,” T-Mobile claimed.
Last year, telecommunications competing AT&T selected Ericsson to develop a telecommunications network, which will certainly cover 70% of its cordless website traffic in the united state by late 2026, deteriorating the visibility of Nokia in the North American market.
(Reporting by Zaheer Kachwala in Bengaluru)
