Nokia is a multinational company headquartered in Espoo, Finland, mainly engaged in the production of mobile communication equipment and related services. Nokia was founded in 1865, mainly engaged in logging and papermaking, and later developed into a mobile phone manufacturer, focusing on basic communication services and advanced technology research and development and authorization.
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Development Status of Nokia and Ericsson's 5G
Huawei relies on its business in Chinese mainland, Europe, the Middle East and Africa, while Nokia and Ericsson are involved in the deployment of 5G networks in the United States and South Korea. In the third quarter of 20 19, their revenues maintained a single-digit annual growth rate.
However, compared with the revenues in the United States and the Asia-Pacific region, the revenues of Nokia and Ericsson in Chinese mainland have not increased significantly, and Nokia, which has established a joint venture company in the Mainland, has decreased by more than 20% every year.
Although Ericsson said in its third quarter financial report that it expects its future revenue will benefit from the development of Chinese mainland's 5G in 2020, it has not disclosed whether it has signed formal contracts with the three major telecom operators in Chinese mainland.
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