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Nokia’s Q1 suffers from 5G transition, Ericsson and Huawei look robust

The most recent financial results from the big mobile network vendors saw Nokia taking a hit on 5G, while Ericsson continued its turnaround with the best quarter since CEO Börje Ekholm took the helm in early 2017. Meanwhile, despite the uncertainty over how many countries may ban Huawei from 5G contracts (see separate item), the Chinese giant turned in strong results, though the enterprise, not the flat carrier division, was the engine of growth. Ericsson boasted of double-digital growth in its main Networks business, though its strongest quarter for two years was overshadowed by a warning of “material” financial penalties as a result of a US investigation into alleged corrupt practices. That probe, by the US Securities and Exchange Commission…

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