The Financial Supervisory Authority (FSA) in Finland has launched an investigation into Nokia’s October sharp profit warning sending its shares plummeting 20% lower.
On October 24th, Nokia’s profit outlook slashed in 2019 and 2020 halting in dividend payouts, saying that the company will need more expenditure to keep away rivals in the 5G networks business.
According to the report, the maximum penalty that Nokia might be looking at from the FSA is 2.5 million euros.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.