Nokia CEO sets out restructuring after shares plunge 17 percent

Nokia CEO Pekka Lundmark has set out his restructuring plans after poor comparative results to Ericsson tanked the company’s shares.

“Our industry is undergoing profound changes. Industrial automation and digitalisation are increasing customer demand for high-performance networks, with a trend towards open interfaces, virtualisation, and cloud-native software,” said Lundmark.

“As we work to renew our strategy, we will ensure we are well-positioned to leverage...

Nokia’s new AirScale Cloud RAN solution helps deliver 5G’s promises

Nokia has unveiled a "next-generation" Cloud RAN (Radio Access Network) solution which will help to deliver on 5G's promises.

The Finnish telecoms giant believes that its latest solution will help operators to generate revenue from 5G services, enable "flexible" end-to-end network slicing, and take full advantage of IoT opportunities.

Tommi Uitto, President of Mobile Networks at Nokia, said:

“The next-generation Nokia 5G AirScale Cloud RAN is a true...