Nokia plays down compliance issues after shares drop

Helsinki: Nokia sought to play down the risks of an investigation into compliance issues at its Alcatel-Lucent business after its shares fell sharply on Friday.

The Finnish network equipment maker flagged the issue in its annual report which was released late on Thursday to the US Securities and Exchange Commission. Nokia said it had launched an investigation into certain transactions of the business it bought in 2016.

After the shares dropped more than 8% in Europe on Friday, Nokia issued a statement saying it did not think the issues would have any material impact on the group.