Nokia CEO Announces Major Restructuring After 17% Share Plunge
Nokia CEO Pekka Lundmark has unveiled a restructuring plan after the company’s results lagged behind competitor Ericsson, a shortfall that caused Nokia’s shares to tumble. “The industry is undergoing significant change. Industrial automation and digitalisation are driving demand for higher-performance networks, with a clear shift toward open interfaces, virtualisation, and cloud-native software,” Lundmark said. “As … Read more