Nokia has scaled down its venture fund investments and cut its remaining commitments to 221 million euros as of end-2025 as part of a broader strategic refocus on its core networks and cloud businesses. The move follows a review under which the company concluded that passive investments in external venture funds are no longer strategic, and has started treating these holdings as financial rather than operating assets. Nokia’s fair-valued venture and similar investments stood at about 857 million euros, but new commitments will be selective and more tightly aligned with its priorities in AI-native networks, 5G-Advanced, 6G and data centre connectivity.
The shift comes as the company pursues a multi-year cost and portfolio optimisation plan aimed at improving profitability and sharpening capital allocation, even as key shareholders, including Fidelity, have increased their stakes amid the transition.
CT Bureau
