Once the world's biggest maker of mobile phones, the Finnish firm was wrongfooted by the rise of smartphones and eclipsed by Apple and Samsung. It sold its handset business to Microsoft in late 2013 a...
There were reports that the company was testing a so-called MVNO service in the US, which would involve it renting capacity from network operators to sign up customers to its own phone and data plans.
The deal will be finalised in the first half of 2016 and is expected to result in 900 million euros of operating cost savings by the end of 2019, the companies said.
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