Nokia increases performance in the broadband division during the pandemic
The pandemic of the new coronavirus boosted the performance of Nokia’s broadband division. The Finnish company has seen an increase in orders from customer units in this sector, with a rush to upgrade its networks to meet increased user demand.
According to Nokia’s president of fixed networks, Sandy Motley, several companies that used HMD Global’s branded technology had plans to expand by 30% to 40% in the coming years.
However, with the evolution of Covid-19, the growth in demand occurred in one go. The executive also points out that operators have also considered launching fiber services more quickly.
“Customers will need to accelerate planned growth in the future, and we’ve seen customers talking to us about it. We saw some updates from our customers … but we think that much of the growth will be more in the medium and long term. We certainly see that operators are starting to consider accelerating fiber launches. ”
Sandy Motley
President of Nokia fixed networks
Nokia’s networks had a big increase in 2016 when Alcatel-Lucent was purchased. Despite revenue dropping 18% in the first quarter, in the annual comparison, Motley believes that the decline was a consequence of the business cycle.
It is worth remembering that, in the last week, Nokia also announced that its 5G antennas with liquid cooling reduce consumption and emission of carbon dioxide.
What is your assessment of Nokia’s performance in networks in this pandemic? Give us your opinion in the space below.
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