Nokia sees flat margins at 5G networks business in 2021

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please bring back the Nokia 8810

Unemployed and working poor NEED cash not promises NOT aid dolled out by employers at $8 an hour. Plenty of wealth across the country held by top 20% USE IT

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines