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Nokia says margins at networks business will be zero in 2021

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December 16, 2020
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FILE PHOTO: Guests collect outdoors the Nokia sales space on the Cellular World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Picture

STOCKHOLM/HELSINKI (Reuters) – Telecoms tools maker Nokia’s working margins at its networks enterprise might be zero in 2021, it mentioned on Wednesday in an replace on technique to streamline the Finnish firm into 4 enterprise teams.

The fast focus of the cellular networks enterprise might be on executing its turnaround, the corporate mentioned. It expects the enterprise to ship a comparable working margin of about 0% in 2021 and important enchancment over the long term, Nokia added.

Reporting by Supantha Mukherjee in Stockholm and Anne Kauranen in Helsinki; Modifying by David Goodman



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