Is Nokia a 5G Stock to Buy in 2021?

Following several challenging quarters, Nokia (NYSE: NOK) will start the year under a new operating model. Will that suffice for the telecom equipment giant to become a 5G stock to buy in 2021?

The 5G infrastructure market in which Nokia operates seems attractive. According to the research outfit MarketsandMarkets, it should grow at a compound annual rate of 67% to $47.8 billion by 2027.

Yet the 5G and network specialist has been dealing with significant difficulties over the last several quarters. As an illustration, it lost a $6.6 billion contract with Verizon Communications in September to Samsung for the supply of 5G equipment.

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Source Fool.com