On the Record · Nokia
Nokia acquisitions, on the record
The businesses Nokia bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Device Management and Service Management Platform businessesWord for word“In 2023, the focus has been on the inclusion” 20-F for 2023 | agreed divestiture | — | — |
Rapid's technology and R&D unitWord for word“Nokia also acquired Rapid’s technology and R&D unit.” 20-F for 2024 | acquisition | — | — |
Alcatel Submarine Networks (ASN)Word for word“In 2024, Nokia sold its wholly owned subsidiary Alcatel Submarine Networks (ASN), a global submarine communication networks leader, to the French state.” 20-F for 2024 | divestiture | — | — |
InfineraWord for word“The acquisition of Infinera was completed in February 2025.” 20-F for 2024 | acquisition | The acquisition of Infinera was completed in February 2025. | — |
Fenix GroupWord for word“The acquisition closed in May 2024 and we have moved quickly to accelerate product roadmaps, even now launching a 5G tactical radio solution.” 20-F for 2024 | acquisition | The acquisition closed in May 2024 | — |
Submarine Networks businessWord for word“The sale was concluded on 31 December 2024.” 20-F for 2024 | divestiture | The sale was concluded on 31 December 2024. | — |
Radio Frequency Systems (RFS)Word for word“Includes net sales of Radio Frequency Systems (RFS), which had been managed as a separate entity and was substantially divested in 2024, and certain other items, such as eliminations of inter-segment revenues.” 20-F for 2024 | divestiture | — | — |
Read from Nokia’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.