Ericsson and Nokia are engaged in their habitual impersonation of a German weather house, in which as one figure emerges, the other retreats into the shadows. Currently, it is Ericsson’s turn to shine. After a couple of difficult years, it has recently delivered improved financial stability – particularly welcome to customers and investors during the current crisis – and a string of high profile 5G contracts. Meanwhile, Nokia is going through a downturn, after the 5G setbacks of late 2019 and the current change of management, which combine to make it less robust to cope with economic uncertainty, and less well-positioned to take advantage of Huawei’s far greater woes. These factors also make it vulnerable to unwelcome takeover advances and…