Nokia has denied it plans to sell its $10 billion mobile network business to Samsung.

The Finnish telco was said to be engaged in talks over the future of its mobile network unit according to a report from Bloomberg, which named Samsung as a potential suitor.

But, in a regulatory filing on Thursday, Nokia denied any sale plans.

"Nokia has nothing to announce in relation to the speculations published in an article today, and no related insider project exists," the company said. "Nokia is committed to the success of its Mobile Networks business, a highly strategic asset for both Nokia and its customers.

The company “is focused on ensuring that mobile networks is positioned to serve its customers building the best performing networks, investing in its portfolio and creating value for Nokia’s shareholders,” the statement added.

Bloomberg’s original report cited people familiar with the matter, and said Nokia had considered selling some or all of the division as well as spinning it off into a separate company or merging it with a rival.

Any deal could value the entire business at $10 billion, the sources said.

In July, Nokia reported Q2 operating profit of €423 million ($468m), a 32 percent year-on-year decline.

It recently sold its submarine cable unit, Alcatel Submarine Networks, to the French state in a deal that valued the business at €350 million ($374.2m).

Nokia has also been in the market for acquisitions, paying $2.3 billion for optical networking vendor Infinera.