Nokia to Sell Enterprise Campus Edge Unit to Aurelius
Nokia has agreed to sell its Enterprise Campus Edge business to private equity firm Aurelius, with the deal expected to close in the first half of 2027.
Nokia has agreed to sell its Enterprise Campus Edge (ECE) business to private equity firm Aurelius, according to Reuters. The deal is expected to close in the first half of 2027. Nokia did not disclose the sale price.
Nokia said the divestment is part of its effort to streamline its portfolio and focus capital and resources on areas with the greatest long-term value.
The company also said ECE will be able to gain more independence and focus on its own strategy under Aurelius ownership.
What ECE does
ECE provides private wireless network services to about 900 customers worldwide, spanning manufacturing, mining, logistics, airports, ports, and power generation.
Quick answers
Who is buying Nokia's Enterprise Campus Edge business?
Private equity firm Aurelius has agreed to acquire the unit.
When is the Nokia ECE deal expected to close?
The deal is expected to close in the first half of 2027.
How much is Nokia selling ECE for?
Nokia did not disclose the sale price.