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Nokia faces a long road to mobile recovery

On a sub-zero but sunny morning in Helsinki, the news from Nokia was a chilly reminder of the difficulties that face the huge Finnish network equipment maker, accompanied by a few glimmers of light. First, the bad news. Mobile access, the huge unit (soon to be a standalone one) that generates nearly half of company sales, is in for a torrid 2021. Revenues are expected to "decline significantly," CEO Pekka Lundmark told reporters this morning. Nokia has already backed sheepishly out of Chinas v...
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