---
title: "Nokia Buyout Turns China’s First Sino-Foreign Telecom JV Fully Foreign-Owned"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/270008956.md"
description: "Nokia has acquired all equity in its Chinese joint venture, Nokia Shanghai Bell, making it a wholly foreign-owned enterprise. Nokia purchased the remaining 50% stake from China Huaxin Post and Telecom Technologies. The transaction value was not disclosed, but the stake was listed at CNY4.1 billion. Nokia Shanghai Bell will continue to operate under the Nokia brand in China. The company focuses on mobile communications, infrastructure networks, and cloud services, with a net profit of CNY90.5 million and revenue of CNY4.6 billion in the first three quarters of this year."
datetime: "2025-12-17T12:15:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270008956.md)
  - [en](https://longbridge.com/en/news/270008956.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270008956.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/270008956.md) | [繁體中文](https://longbridge.com/zh-HK/news/270008956.md)


# Nokia Buyout Turns China’s First Sino-Foreign Telecom JV Fully Foreign-Owned

(Yicai) Dec. 17 -- Finnish telecommunications equipment maker Nokia has completed the acquisition of all equity in its Chinese joint venture Nokia Shanghai Bell, making the country’s earliest Sino-foreign telecommunications joint venture a wholly foreign-owned enterprise, The Paper reported today.

Nokia finalized the transfer of the remaining 50 percent stake in Nokia Shanghai Bell from industrial investment company China Huaxin Post and Telecom Technologies, becoming the sole shareholder of the venture, according to the report.

The move will help Nokia optimize its equity structure in China. Nokia Shanghai Bell will operate in the Chinese market under the Nokia brand, align with the group’s global operating model, and continue to serve Chinese customers, the Espoo-based company said.

The transaction value was not disclosed. However, China Huaxin listed its 50 percent stake in Nokia Shanghai Bell on the Beijing Equity Exchange last month at a price of CNY4.1 billion (USD582 million).

Shanghai Bell, the predecessor of Nokia Shanghai Bell, was established in 1984 as a joint venture between China Post and Telecommunications Corp., now known as China Potevio, and Belgium’s Bell Telephone Manufacturing. The Belgian firm was later acquired by France’s Alcatel, which in turn was merged into Nokia in 2015. Over time, the ownership structure evolved into a 50 percent stake held by the Chinese shareholder and a 50 percent stake plus one share held by Nokia.

In 2024, Nokia and China Huaxin jointly reviewed the future ownership structure of Nokia Shanghai Bell. Following those discussions, Nokia exercised its call option to begin the process of becoming the sole shareholder by purchasing China Huaxin’s 50 percent stake, Nokia said in its 2024 annual report.

Nokia Shanghai Bell focuses on mobile communications, infrastructure networks, and cloud services. The company posted net profit of CNY90.5 million (USD12.8 million) and revenue of CNY4.6 billion in the first three quarters of this year, with total assets of CNY11.6 billion (USD1.6 billion) as of Sept. 30, according to an earlier equity transfer announcement by China Huaxin.

Editor: Emmi Laine

### 相关股票

- [Nokia (NOK.US)](https://longbridge.com/zh-CN/quote/NOK.US.md)
- [Nokia Oyj (NOA3.DE)](https://longbridge.com/zh-CN/quote/NOA3.DE.md)

## 相关资讯与研究

- [Goldman Sachs upgrades Nokia to Neutral from Sell, sets price target at 8 euros - BN](https://longbridge.com/zh-CN/news/280952639.md)
- [What's Going On With Nokia Stock Tuesday?](https://longbridge.com/zh-CN/news/281192960.md)
- [Nokia Wins Multi-Year 5G Network Deal With Virgin Media O2](https://longbridge.com/zh-CN/news/281173626.md)
- [India's average monthly data usage per user hits 31 GB in 2025: Nokia](https://longbridge.com/zh-CN/news/281160365.md)
- [Jefferies raises Nokia price target to 8.80 euros (7.20), reiterates Buy](https://longbridge.com/zh-CN/news/280579026.md)