Nokia sells Enterprise Campus Edge business to Aurelius (updated)
UPDATE 1-Nokia sells Enterprise Campus Edge business to Aurelius Adds quote, transaction detail in bullet points
OSLO, Oct 13 (Reuters) - Finland's Nokia NOKIA.HE said on Tuesday it has agreed to sell its Enterprise Campus Edge (ECE) business to private equity group Aurelius.
The deal is expected to close in the first half of 2027, Nokia said in a statement, without revealing the price
"This planned transaction supports Nokia's strategy to sharpen its portfolio and direct capital and resources to the areas where it can create the greatest long-term value," it said
ECE operates private wireless services for nearly 900 customers in manufacturing, mining, logistics, airports, ports and power generation worldwide
ECE is expected to benefit from greater independence and a dedicated strategic focus, Nokia added
(Reporting by Terje Solsvik, editing by Louise Rasmussen)
((terje.solsvik@thomsonreuters.com; +47 918 666 70;))