Finnish communication technology firm Nokia has responded to market rumours, after its shares fell earlier on Friday.
Nokia had disclosed in its annual report that it was looking into certain transactions in its Alcatel-Lucent business, which it bought in 2016.
Nokia's shares fell on the news, and are now still down 5.2% to $5.92.
"While Nokia does not typically comment on market rumours, given the market reaction and inquiries related to a disclosure in the risk factors section of its annual report on Form 20-F for 2018, the company issues this statement to clarify that the specified investigation is not expected to have a material impact on Nokia," Nokia said in a statement.
"We have seen no evidence that would suggest that criminal penalties would apply in this case, and we believe it is highly likely that any penalties that might apply would be limited and immaterial."
Nokia said it was scrutinising certain transactions in the former Alcatel Lucent business "out of an abundance of caution and in the spirit of transparency".