Nokia chief sees long-term benefits from commercial sanctions against Huawei

Nokia chief sees long-term benefits from commercial sanctions against Huawei

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Nokia is one of the largest suppliers of telecommunication equipment and plans to become a global leader in the promotion of 5G technology. The company’s head, Ragayev Surrey, expressed confidence that this is a segment in which he sees serious opportunities for business development.

Huawei’s current problems and trade sanctions of the US government can only make Nokia easier and more successful in the long run, reports VentureBeat.

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Analysts also believe Nokia and Ericsson will use most of the continuing difficulties of the Chinese giant. The exclusion of Huawei from the US telecommunications network means that the two companies can take over the delivery of 5G infrastructure in the country.

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The head of Nokia did not want to devote to specific predictions, but he is confident of the long-term benefits of the company he manages in the context of Huawei’s problems.

The Finnish manufacturer has already signed 37 contracts for the delivery of 5G telecommunications equipment. Interestingly, the list also includes major US mobile operators, such as AT & T and T-Mobile.

All these processes can make Nokia the first major hardware vendor to build 5G infrastructure around the world. If this happens, it will contribute not only to higher incomes but also to improving their global image.

Nokia chief sees long-term benefits from commercial sanctions against Huawei

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