HomeNewsNokia CEO admits delays in getting 5G technology up and running

Nokia CEO admits delays in getting 5G technology up and running

Date:

Trending

Nokia Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent as a reason.

Asked about the regulatory problems facing Chinese telecoms rival Huawei, he said: “Perhaps there is long term opportunity but more than that, it’s hard to say at this point.”

- Advertisement -

Nokia last month reported a surprise quarterly loss after it failed to supply 5G telecoms equipment in time.

“We are late in 5G by a few weeks to a couple of months,” Suri told Nokia’s annual shareholder meeting.

Suri told investors he remained confident the company would reach its annual financial guidance.

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
spot_img

More Latest Stories

Related Stories