Nokia Gains from Global Huawei 5G Bans: What Investors Should Know
Nokia reported its quarterly results on Thursday, and the numbers suggest that bans and restrictions on Huawei’s 5G equipment are increasing demand for alternative suppliers. In the fourth quarter, Nokia recorded profits of £652 million ($852 million), up from £629 million ($822 million) a year earlier. Revenue rose three percent to £6 billion ($7.8 billion). … Read more