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Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract

STOCKHOLM (Reuters) -Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after losing a deal with a U.S. telecom carrier. Nokia said it still sees a path to achieving the previous target, but considering current market conditions in its mobile networks business, it deemed the revision prudent. The company took a hit after AT&T chose Ericsson to build a telecom network using a...
United States Louise Rasmussen Supantha Mukherjee Anna Ringstrom Deutsche Telekom Operating Margin
Source: yahoo.com

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AT&T's $14 Billion Ericsson Deal Heralds Open Phone Networks

(Bloomberg) -- AT&T Inc.’s choice of Ericsson AB for a $14 billion revamp of its sprawling mobile network marks a coming of age for flexible wireless technology that promises to bring competition to infrastructure markets dominated by two companies. Most Read from BloombergAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesJPMorgan Is in a Fight Over Its Client's Lost $50 Million FortuneJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonWall Street Ho...
United States United Kingdom John Baker Mike Sievert Nokia Oyj Stefan Pongratz
Source: yahoo.com

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