Nokia off to a slow start in 2019 due to delay in 5G rollouts

January 31, 2019


Nokia cautioned that it would be slow out of the starting block in the first half of this year due to the staggered timing of 5G rollouts.

Nokia CEO Rajeev Suri issued the caution during the company’s fourth-quarter earnings announcement Thursday, but also said he expects Nokia’s fortunes to bounce back in the second half of this year as 5G deployments start to ramp up.

“Looking forward, I expect Nokia’s performance to strengthen for the full year 2019 versus 2018 and our view of a fast and meaningful shift to 5G remains unchanged,” Suri said in a prepared statement.

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