BT digs deep and wide as pandemic weighs heavy
DT goes with the Magma flow (geddit?)
Fujitsu brings Xilinx on board for Open RAN delivery
Some tough times for Nokia and BT, and an intriguing new open source development that has Deutsche Telekom’s blessing, lead the way in today’s news charge.
Nokia’s CEO Pekka Lundmark (above) warned of a tough year ahead for the vendor’s mobile network infrastructure unit, with particular pressure coming in North America, where the company has lost market share (mainly at Verizon) and where “price erosion” is hurting margins. In fact, the company, having reported today a 4% dip in full year revenues (at constant currency exchange rates) to €21.87 billion, said it expects sales to dip again in 2021, to between €20.6 billion and €21.8 billion. Lundmark is still in the relatively early part of his tenure as CEO (and at a very tough time in general, of course), and is looking to a longer term turnaround for the vendor: he also noted today that he’s prepared to “invest whatever it takes to win in 5G.” Nokia’s stock is down slightly today at €3.70, but that’s an improvement on where it began the year (€3.16). For the full details, see this earnings announcement.