According to an announcement made on November 3, China Huaxin Post & Telecommunication Economy Development Center has revealed plans to put approximately 50% of the shares of Nokia Shanghai Bell Co., Ltd. up for transfer. This encompasses a total of 3,466,289,734 shares, with the base transfer price pegged at 4.1 billion yuan. Nokia Bell has exhibited a stable financial performance in recent times. In 2024, its revenue hit 8.391 billion yuan, and it recorded a net profit of 42.0929 million yuan. During the first three quarters of 2025, the company generated revenue amounting to 4.606 billion yuan, while its net profit surged to 90.46 million yuan. As of September 30, 2025, the company's total assets stood at 11.569 billion yuan, and its net assets were valued at 6.951 billion yuan.

Delving into the company's history, in May 2017, Nokia and China Huaxin joined forces to establish Nokia Shanghai Bell through business integration. At that time, Nokia held a little over 50% of the shares, with China Huaxin owning the remainder. Nokia has stated that, in line with the shareholder agreement, it intends to acquire approximately 50% of the shares currently held by China Huaxin. This strategic move will enable Nokia to become the sole shareholder of the company. The primary objective behind this is to streamline its ownership structure within China. Moreover, Nokia is committed to maintaining its service to the local market.