Nokia sells Enterprise Campus Edge business to Aurelius

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