Nokia Oct warning investigated by local FSA: Report

Nokia Oct warning investigated by local FSA: Report
Finland’s Financial Supervisory Authority (FSA) has started an investigation into Nokia‘s sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.
The paper did not identify its source. Nokia and FSA were unavailable to comment outside business hours.
On October 24 ,Nokia slashed its 2019 and 2020 profit outlook and halted dividend pay-outs, saying the company would need to spend more to fend off rivals in the fast-growing 5G networks business.
The maximum penalty Nokia could face from FSA is 2.5 million euros ($2.77 million), the report said.

Recommended Products

  • iconGreat Indian Sale 19th-22nd Jan

    Up to 40% OFF On Mobiles

    Check Out

  • iconOPPO F15

    Starting at Rs. 19,990/-


  • iconLaptops From Top Brands

    Craziest Offers

    Shop Now



--> {{if comment.length > 500}} {{/if}} {{if id!=-1}} {{/if}} source

Write a Comment

view all comments