On October 13, Nokia Oyj fell 3.08% in Regular Trading, trading at $9.61/share, with turnover of $105 million.

The move followed the company’s announcement that it plans to sell its Enterprise Campus Edge business to AURELIUS, an asset tied to private wireless networks and industrial edge offerings.

According to the company announcement and same-day market updates, the business serves nearly 900 customers globally across manufacturing, mining, logistics, ports, and power generation. Related employees are expected to transfer with the business at closing, and the parties said they will work together to ensure continuity of customer service and operations. Market traders indicated the transaction was expected to create roughly 2.7% to 3% downside pressure on the stock, broadly consistent with the day’s move.

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