Where Will Nokia Be in 5 Years?
During its capital market day on March 18, Nokia's (NYSE: NOK) management updated its long-term plan and outlook. So following several disappointing quarterly results and an expected revenue decline in 2021, will the telecom vendor finally thrive over the next five years?
Having started as a single paper mill operation in 1865, Nokia has faced many transitions in its 156-year existence. More recently, after a disappointing performance in its 5G business over the last several quarters, the company needed extra adjustments.
Following its 15.6 billion euros ($18.6 billion) acquisition of the telecommunications equipment outfit Alcatel-Lucent in 2016, it spent significant resources to integrate both entities. During that time frame, its European rival Ericsson (NASDAQ: ERIC) ramped up its investments to gain market share and scale in the growing and promising 5G market.
Source Fool.com
