Russia’s Putin gives Rostelecom approval to buy Nokia out of joint venture

By Thomson Reuters May 29, 2024 | 10:25 AM

(Reuters) – Russian President Vladimir Putin on Wednesday authorised a subsidiary of telecoms firm Rostelecom to buy Nokia Solutions and Networks’ stake in a software joint venture between Rostelecom and Nokia, according to a decree.

Finland’s Nokia said in April 2022 that it would exit the Russian market after Moscow despatched troops to Ukraine in February 2022.

(Reporting by Maxim Rodionov; Writing by Alexander Marrow; Editing by Tomasz Janowski)