From Provider of Outdated Phones to Leading Provider of Network Infrastructure!
The demand for solutions in the areas of network technologies and cloud infrastructure is expected to continue increasing in the coming years!
The partnership with NVIDIA could deliver surprise potential!
Reading Time: 1 minute
I find Nokia interesting again right now because the company laid the foundation for a turnaround last year. It has successfully transformed from a mobile phone manufacturer to a specialist in network technologies and cloud infrastructure. In the third quarter, the Network Infrastructure division impressed with double-digit growth, confirming the strategy of diversifying away from the pure mobile business. Additionally, the net cash position has been increased to around 3 billion euros, thanks to free cash flows of over 400 million euros. The company...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
