Nokia acquires US communications company Fenix ​​Group to enhance military communications competitiveness

Against the backdrop of a deteriorating global security situation, Finnish communications giant Nokia has successfully acquired the US communications company Fenix ​​Group. Although Nokia withdrew from the mobile phone market many years ago, it is still one of the world's major communications equipment developers and suppliers, with a market value of US$22 billion and 870,000 employees. The acquisition is intended to strengthen Nokia's position in the defense communications equipment market.