Nokia shares closed 1.9% higher at €9.19 on Thursday after the company announced a partnership with satellite firm Iceye to build low-Earth orbit satellite communication systems for defense and security needs, aiming to launch up to 50 satellites annually starting in 2028.
Nokia sold its Fixed Wireless Access business to the US-based company Inseego while making a $10 million cash investment that grants it an 11% stake in Inseego. Portfolio manager Mika Heikkilä assesses that Nokia has shifted from a value stock to a growth stock, driven by the AI boom and optical networks; according to the company’s strategic targets, - -
- comparable operating profit is expected to rise to between €2.7 billion and €3.2 billion by 2028.
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