On Wednesday, despite a global stock market sell-off related to the spreading coronavirus, the shares of Nokia soared as much as 6.1% higher. What prompted the rally was a rumor that the company was considering a merger with rival Ericsson or another company. Nokia is no longer a handset manufacturer having licensed that business to HMD Global. Now, the company is one of the top providers of networking equipment in the world after Huawei.
The top four suppliers of networking gear globally include Huawei, Nokia, Ericsson, and ZTE. Because of Huawei's close ties to the ...
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