HELSINKI: Telecommunications equipment maker Nokia more than doubled its net profits in the third quarter as the firm’s new CEO promised on Thursday to do “whatever it takes” to become the 5G market leader.
“In those areas we choose to compete, we will play to win,” he told reporters on Thursday. “We will do whatever it takes to lead in 5G and we are ready to invest more.” The non-IFRS operating margin, which excludes certain costs, rose to 9.2% against 8.2 % a year earlier, bringing the firm’s year-to-date operating margin to around 9%.
This quarter Nokia passed the milestone of 100 5G deals, although the company still trails Ericsson and Huawei in the race to deploy next-generation super-fast networks.
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