Shifting geopolitics and a sharp round of cost cutting have put Nokia (NOKIA.HE) firmly back in the global 5G rollout race just a year after CEO Pekka Lundmark took the reins at the Finnish company.
"The key was making the right moves to correct the actions that really got them behind 5G," said Mark Cash, an analyst with Morningstar. "I think Pekka's imprint is being felt already by the organisation, and he's obviously doing well."
Company insiders say Lundmark's working relationship with Chairwoman Sari Baldauf helped steady the ship when several top executives left the company during a reshuffle in the first months of his tenure, and is gaining him wider support for the overhaul of Nokia. China, however, remains far ahead of other countries for 5G deployment - the China Mobile contract for about 500,000 base stations was for more than all the 5G base stations currently in Europe - with competition driving volume and lowering overall costs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Action on climate change can provide a shot in the arm for the global economy, economist saysThe fatal floods in Germany in recent weeks have put the impacts of climate change firmly in the spotlight again.
Read more »
Riot Games Bosses Reflect On Company’s “Reckoning,” Progress Of Diversity In Gaming & Entertainment – Comic-ConThe need for diverse voices and inclusive storytelling extends far beyond the entertainment industry, making its way to the gaming world where companies like Riot Games see representation as more t…
Read more »
Rodney Alcala, Serial Killer Who Once Appeared on ‘The Dating Game,’ Dead at 77Rodney Alcala, the serial murderer who became known as the “Dating Game Killer” because of his 1978 appearance on the game show, died July 24 at a hospital near California’s Corco…
Read more »