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People's Daily Online>>China Business

Nokia denies bankruptcy rumors

By Shi Yanjun (International Finance News)

16:18, December 06, 2011

Edited and translated by Han Shasha, People's Daily Online

Yesterday, a post was widely circulated online saying that Nokia, the former front-runner in the mobile phone market, had declared bankruptcy last Friday for recent huge losses, but Nokia has refuted the rumors.

The rumors said "It is confirmed that Nokia has announced last Friday that the company went bankrupt due to long-term losses. The company cannot pay its debts and has applied for bankruptcy protection. It also announced that it would drop from global markets and close its factory in Finland."

Nokia's trading volumes on the Frankfurt Stock Exchange have decreased during the years and currently represent only a small percentage of the total global trading volumes of the Nokia share. In 2003, 2004 and 2007 Nokia delisted from the stock exchanges in London, Paris and Stockholm respectively. Nokia shares will continue to be traded within the Eurozone on the NASDAQ OMX Helsinki Stock Exchange and in the United States in the form of American Depositary Shares on the New York Stock Exchange (NYSE).

However, Nokia denied the rumors yesterday on its official microblog. But it has not made any comment on its official website.


Leave your comment5 comments

  1. Name

K.c at 2011-12-0662.168.56.*
I heard a rumour that Microsoft are almost ready to buy Nokia as a Global platform for their mobile operating system in general and Windows8 in particular.
Eeeee at 2011-12-06193.64.22.*
Are u totally out of your mind? Nokia has 5 BILLION cash assets and new phones selling good. How can you publish such BS.
LOL at 2011-12-06213.243.188.*
Who the hell is stupid enough to even announce such a rubbish.
informer at 2011-12-0692.251.120.*
this ste is even worse than the English yellow press
AJV at 2011-12-0691.156.1.*
Nokia has headquarters in Finland, and as you may know Finland is celebrating day of Independence on 6th December. So today you cannot expect eny official comments on any such a bullshit that someone decides to put on media. There is no trace of truth behind of course and these "news" are not even worth to comment.

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