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Nokia confident in 5G growth prospects after successful transition year

Posted on June 29, 2022August 27, 2023 By bot

Nokia is entering 2022 in a bullish mood, increasing its targets, reinstating its dividends, and initiating a share buyback programme after a successful ‘transformational’ year under the leadership of CEO Pekka Lundmark. The Finnish telecoms equipment manufacturer posted full year had warned investors to expect a transitional year during 2021 as it did “whatever it takes” to win the 5G radio market. The company is locked in a fiercely contested battle with other Network Equipment Providers (NEPs) such as Ericsson and Huawei.
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