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Nokia forced into 5G U-turn as pace accelerates, creating new risks

Nokia’s second quarter results looked positively shiny next to Ericsson’s latest downbeat quarter and a surprise downturn at Huawei. However, the Finnish is still navigating three major transitions at the same time – towards being a software-driven company with a standalone business in this area; towards a more diverse client base with less reliance on mobile operators; and towards 5G. While the first two, which are closely related and particularly target vertical and industrial markets, are showing some early hopeful signs, in the all-important issue of timing the shift from 4G to 5G, Nokia has been caught short. It has now announced a U-turn in its strategy. It will adapt its 5G FIRST platform – initially based on pre-standard specs…

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