Nokia's broadband business boosted as COVID-19 pressures networks

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.

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