Tag: #Nokia
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Huawei holds latest services back from Canada
Huawei restrains Canada from using the latest services post the detention of Chief Financial Officer (CFO), Meng Wanzhou. According to the reports received, the phone company has ceased the activity of all 5G Research Centers in Canada. Consequently, this action caused unemployment, leaving at least 4,500 Canadians without jobs. Not only did the company influenced…
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A fall in net income for 2020, 5G player Nokia announced
Helsinki, Feb 4 (AFP/APP): Finnish telecoms equipment and key 5G player Nokia announced Thursday a fall in net income for 2020 despite a strong fourth quarter and warned of “meaningful headwinds” in the coming year. “We saw healthy gross margin and operating margin performance for both (the fourth quarter) and full year 2020,” thanks to a renewed focus…
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Nokia shares plunge on lower earnings forecast
Helsinki, Oct 24 (AFP/APP): Shares in Nokia tumbled 20 percent on Thursday after the Finnish telecommunications equipment maker cut its earnings forecast in the face of intense competition to build the latest 5G mobile networks. While returning to profit in the third quarter, the company said it was downgrading its expectations for earnings and margins…