Nokia sees great potential in the digital medicine market

29 October 2017, 20:48 | Technologies
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Despite the big unforeseen expenses in the business in the field of medical technologies, Nokia is still confident in its high potential. The representative of the company told Reuters news agency.

From the reporting for the third quarter of 2017, it follows that Nokia was forced to write off 141 million euros due to the depreciation of goodwill in the digital medicine division, which characterizes the company's intangible advantages over its competitors in the market. This includes business reputation, customer base, personnel qualification, brand and others..

"The write-offs are made after we updated our forecasts for this business.

Despite the costs, we remain confident in the potential of our business in digital healthcare, and we believe that we have assets, a brand and innovative capabilities to succeed, "says Nokia's statement..

Medical technology is one of the areas that Nokia is developing in an attempt to distance itself from the telecommunications market that is in decline. The first step in the health care the Finnish company did in 2016, when it acquired the French startup Withings, engaged in the creation of "smart" tonometers and weights.




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