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Nokia takes a critical, open approach to turnaround - Mobile World Live 16 DEC 2020
Nokia revealed further details of its massive strategic overhaul, with the company charging its mobile networks unit with achieving leadership in the move to so-called critical networks and open technology, while also overtaking rivals on 5G.
Having outlined plans for a restructure in October, the company today (16 December) fleshed out its strategic priorities in a stock market announcement ahead of an analyst update event.
As expected, its Mobile Networks’ division is to focus on “executing its turnaround and regaining 5G leadership” after a turbulent period during which it lost-out on several major contracts to rivals (including US operator Verizon Wireless, lost to Samsung).