{"id":146214,"date":"2020-12-16T11:53:36","date_gmt":"2020-12-16T11:53:36","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=305060"},"modified":"2020-12-16T11:53:36","modified_gmt":"2020-12-16T11:53:36","slug":"nokia-hinges-turnaround-on-open-ran-plan","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/12\/16\/nokia-hinges-turnaround-on-open-ran-plan\/","title":{"rendered":"Nokia hinges turnaround on open RAN plan"},"content":{"rendered":"

<\/p>\n

\tNokia revealed further details of its massive strategic overhaul, with the company charging its mobile networks unit with achieving leadership in the move to so-called critical networks and open technology, while also overtaking rivals on 5G.<\/p>\n

Having outlined plans for a restructure in October [1], the company today (16 December) fleshed out its strategic priorities in a stock market announcement ahead of an analyst update event.<\/p>\n

As expected, its Mobile Networks\u2019 division is to focus on \u201cexecuting its turnaround and regaining 5G leadership\u201d after a turbulent period [2] during which it lost-out on several major contracts to rivals (including US operator Verizon Wireless, lost to Samsung).<\/p>\n

CEO Pekka Lundmark (pictured) previously admitted the company had fallen behind [3] on delivery of the latest generation of network technology.<\/p>\n

The division is also charged with gaining leadership in the emerging open and virtualised RAN sectors, and achieving growth in its enterprise-focused private networks business.<\/p>\n

In terms of financial aims the unit, which is set to comprise one of four standalone customer-facing segments from January, Nokia expects an operating margin of 0 per cent in 2021 with \u201csignificant improvement over the longer term\u201d.<\/p>\n

Critical aims
\nLundmark used the latest statement to highlight an overarching opportunity in developing \u201ccritical networks\u201d, advanced infrastructure running mission critical services for enterprises and societies.<\/p>\n

He expects these to be largely built using equipment from multiple vendors on open and virtualised infrastructure, in turn extending Nokia\u2019s addressable market for \u201cCSPs, webscales and enterprises\u201d.<\/p>\n

Lundmark added Nokia was well positioned to offer the cloud-native, open, virtualised core equipment, which it expects to replace \u201cmonolithic core networks\u201d.<\/p>\n

Business from the critical networks sector spans several of the company\u2019s other soon-to-be formed business units.<\/p>\n

Its Network Infrastructure division will focus on the fixed and backhaul elements; Cloud and Network Services will aid Nokia in \u201cleading the transition to cloud-native software and as-a-service delivery models\u201d.<\/p>\n

The other division, Nokia Technologies, will focus on generating revenue from its IP and \u201cpursuing other licensing opportunities\u201d.<\/p>\n

In addition to the revamp, the company plans to run its standalone internal corporate costs \u201cin a lean manner\u201d.<\/p>\n

Lundmark told Reuters it was also set to further slim its leadership team, following details of a number of departures in recent weeks [4].<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/nokia-scraps-end-to-end-strategy-warns-on-outlook
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/nokia-dampens-rumours-of-verizon-5g-loss
\n[3] https:\/\/www.mobileworldlive.com\/blog\/blog-pekka-pulls-no-punches-on-nokia-progress
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/nokia-global-head-to-go-as-executive-exodus-continues<\/p>\n\n

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Nokia revealed further details of its massive strategic overhaul, with the company charging its mobile …<\/p>\n

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