Nokia's Suri upbeat on future despite Chinese setbacks

摘要

Nokia's departing CEO Rajeev Suri has defended the vendor's recent contract record, indicating that lucrative deals are in the pipeline even though it has missed out on some major wins. One example is China Mobile's recent issue of 5G tenders, in which Nokia lost out to the operator's compatriots Huawei and ZTE. China Unicom and China Telecom's tender for their joint SA 5G network seemingly echoed this preference - although to rub salt in the wound for Nokia, the partners also awarded contracts to Swedish vendor Ericsson. Despite these setbacks, Suri struck an upbeat tone during Nokia's Q1 earnings call, saying he remained "quite optimistic" that China Unicom would award Nokia a 5G core contract. Nokia has not yet received any official confirmation of such a contract.