5G underdog Nokia firmly back in game after Lundmark's shakeup
The Hindu
Lundmark, who became CEO last August, has laid off thousands of employees and forged new partnerships with technology companies after pledging to "do whatever it takes" to take the lead in 5G.
Shifting geopolitics and a sharp round of cost cutting have put Nokia firmly back in the global 5G rollout race just a year after CEO Pekka Lundmark took the reins at the Finnish company. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Considered a 5G underdog after betting on the wrong type of chips and losing a multi-billion Verizon contract to Samsung, Nokia has more recently been gaining ground on arch-rival Ericsson, even as both benefit from U.S. pressure on European governments to crackdown on China's Huawei.More Related News