Finnish telecom equipment maker Nokia is seeing a pick up in orders as its broadband clients race to upgrade networks to meet higher user demand during the COVID-19 pandemic, a company executive said.
Many customers had planned to grow their network by 30per cent to 40per cent over the next few years assuming a similar growth in traffic, but COVID-19 brought in that traffic growth overnight, Sandy Motley, Nokia's President of Fixed Networks, told Reuters.
"We have seen some upgrades from our customers... but we think a lot of this drive will be more medium term and long term," Motley said.