Provided by Dow Jones
Dec 16, 2020 6:15 AM UTC
TIDMNOKIA Nokia Corporation Stock Exchange Release December 16, 2020, at 08:00 (CET +1) Nokia provides a mid-point update on strategy and operating model Nokia aligns to deliver critical networks to CSPs, enterprises and webscales. Company aims for technology leadership in all segments it chooses to play in. Nokia sees value gradually migrating from monolithic systems towards silicon, cloud-native software and services, and the industry moving towards as-a-service business models. Provides transparency on expected operating margin performance of its four new business groups in 2021. Previously provided outlook for 2020 and 2021 remain unchanged. Espoo, Finland Today Nokia provides an update on its strategy and
Mobile Networks business group to invest more heavily in 2021
The mobile unit will only break even next year as it tries to regain 5G leadership
Also focusing on getting ahead of rivals on Open RAN and virtual RAN
Ahead of a key strategy presentation by its CEO today, Nokia has unveiled some expectations for its new business units, and while many questions about the company’s plans are yet to be answered, it’s clear that 2021 is going to see a big push by the Mobile Networks unit to regain lost ground in 5G and get ahead of rivals in the Open RAN and virtualized radio access network software market.
Company aims for technology leadership in all segments it chooses to play in.
Nokia sees value gradually migrating from monolithic systems towards silicon, cloud-native software and services, and the industry moving towards as-a-service business models.
Provides transparency on expected operating margin performance of its four new business groups in 2021. Previously provided outlook for 2020 and 2021 remain unchanged.
Espoo, Finland – Today Nokia provides an update on its strategy and operating model. On October 29 Nokia announced the first phase of its new strategy, outlining high-level strategic principles alongside a new operating model designed to better position the company for changing markets and align with customer needs. The new model is effective from January 1, 2021. Detailed business group strategies will be provided on Capital Markets Day on March 18, 2021.
Nokia Oyj: Nokia provides a mid-point update on strategy and operating model
Nokia provides a mid-point update on strategy and operating model
Nokia aligns to deliver critical networks to CSPs, enterprises and webscales.
Company aims for technology leadership in all segments it chooses to play in.
Nokia sees value gradually migrating from monolithic systems towards silicon, cloud-native software and services, and the industry moving towards as-a-service business models.
Provides transparency on expected operating margin performance of its four new business groups in 2021. Previously provided outlook for 2020 and 2021 remain unchanged.
Espoo, Finland - Today Nokia provides an update on its strategy and operating model. On October 29 Nokia announced the first phase of its new strategy, outlining high-level strategic principles alongside a new operating model designed to better position the company for changing markets and align with customer needs. The new model is effective from