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5G starts to whittle away at Nokia’s losses with upbeat Q2

Like Ericsson a week earlier, Nokia reported second quarter results which were cautiously optimistic though not exciting. It increased revenue and reduced losses as the first phase of 5G business gathers pace, though its challenge, as for Ericsson and Huawei, will be to keep that new source of revenue flowing smoothly, by creating the right conditions for operators to gain confidence and start to implement ‘true 5G’, awarding the high value deals for cloud-native cores and densified RANs (see special report). Nokia’s net sales for the quarter were up 5% year-on-year to €5.7bn ($6.3bn). Its net loss of €191m ($213m) was better than a year-ago loss of €271m ($302m). The biggest division, Networks, reported revenue of €4.39bn ($4.9bn), up 8%…

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