Nokia sees flat margins at 5G networks business in 2021

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Telecoms equipment maker Nokia's said it expects operating margins at its mobile networks business will be flat in 2021, it said on Wednesday in an update on strategy to streamline the Finnish company into four business groups.

FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo

Nokia announced a new strategy in October under which the company will have four business groups and CEO Pekka Lundmark said Nokia would “do whatever it takes” to take the lead in 5G. The company had earlier cut its 2020 operating margin forecast to 9% from 9.5% and for 2021 forecast operating margin of 7-10% for the entire company. Operating margins at its Network Infrastructure business, which includes optical and fixed networks, would be in the high single digit range in 2021.

 

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Please bring back the Nokia 8810

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