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UPDATE 1-Nokia Q1 beats expectations on higher 5G gear demand

UPDATE 3-Nokia gets on 5G growth path as new strategy takes shape Reuters 4/29/2021 Q1 adj EPS 0.07 euro cents vs estimate of 0.01 Comparable margins up at 38.2% vs 36.4% last year Shares up 14% (Adds comments from CEO interview, shares) By Supantha Mukherjee STOCKHOLM, April 29 (Reuters) - Finnish telecom network equipment maker Nokia on Thursday showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14%. Nokia and Swedish rival Ericsson have been gaining more customers as telecom operators start rolling out 5G networks and China s Huawei faces curbs from a growing number of governments over security concerns.

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