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Nokia, a Finnish telecom gear maker recently said that it had signed a 5G patent cross-licensing deal with Oppo, a Chinese device maker company. The deal resolves patent litigation between the companies.
The Finnish network equipment maker had what has been described as a major setback on Tuesday, with AT&T choosing Ericsson over Nokia to supply around 13 billion euros worth of network equipment.
LONDON, July 14 - Finland's Nokia cut its annual outlook on Friday and Swedish rival Ericsson delivered second-quarter results slightly above expectations,...
Finnish telecom company Nokia has cut its annual outlook due to a slowdown in consumer spending which has affected sales of telecom gear, leading to a drop of 7.8% in early trade. Nokia's network infrastructure and mobile networks businesses have also been affected, prompting it to narrow its comparable operating margin range
Fears of an impending recession have forced telecoms businesses to cut budgets and hold off on device upgrades and digitalisation plans, slowing plans at firms such as Nokia and Ericsson to expand 5G networks and broadband connections.