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About Nokia We create the critical networks and technologies to bring together the world s intelligence, across businesses, cities, supply chains and societies.
With our commitment to innovation and technology leadership, driven by the award-winning Nokia Bell Labs, we deliver networks at the limits of science across mobile, infrastructure, cloud, and enabling technologies.
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FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its businesses are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia s current expectations and views of future developments and include statements regardi
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.
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