Nokia’s deal to sell its mobile phone business to Microsoft is not the first time a break-up of the Finnish group had been discussed.
In 1991, Ericsson, the Swedish telecoms equipment maker, proposed a takeover of Nokia, exploiting its rival’s weakness after the suicide of its chief executive. However, the deal collapsed as Ericsson wanted to split up Nokia and not buy the consumer electronics arm.
A decade later, it was ruing its decision as the Finnish group became the world’s biggest maker of mobile phones while Ericsson struggled in the consumer market.
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