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Dec 02 2019

Why Nokia?

Nokia has had an exciting few years.

Since 2014, we have made several large acquisitions, sold part of the business, restructured, launched a new strategy, become the only globally-active end-to-end vendor of network technology, and, through our continuing research and innovation, carried on shaping the fabric of modern communication.

This would be a complex series of undertakings at any time. But particularly at the beginning of a new tech cycle, 5G, which will usher in profound changes to connectivity, business and public services over the next decade.

I know that some investors are concerned that we have bitten off more than we can chew. So, with this in mind, I recently delivered a short presentation about Nokia’s recent history, our current position, and where we want to be in the future.  Addressing some of the most common questions head on.

The bottom line is, while we certainly face some challenges, there are plenty of reasons to be optimistic.

In November 2019, we hit 50 5G deals and were supplying 16 live 5G networks.

We continue to provide the best 4G networks that money can buy – the gold standard, as certified by numerous analysts – which act as the foundations for future 5G networks.

And even when it comes to our challenges, we are taking decisive action.

For example, look at our 5G radio product costs.

We are rolling out more hardware based on our system-on-chip products. This, alongside a comprehensive program to reduce our bill-of-materials expenditure, means we expect our 5G costs to improve throughout 2020, putting us in a much stronger position for 2021.  The video explains all of this.

Looking forwards, we have identified five compelling ‘value drivers’: five big reasons why, in my opinion, Nokia is well-placed to carry on delivering value for our investors, our customers and indeed for the entire telecommunications ecosystem.

These value drivers are:

  1. Our end-to-end portfolio, which provides unique benefits for our customers
  2. Our product leadership, driven by tens of thousands of R&D employees and the incredible Nokia Bell Labs
  3. Our diversification into high-growth, high-margin adjacencies
  4. Our sustainable patent licensing, including more than 2,000 patent families declared essential for 5G.
  5. And finally, our dedication to reducing costs and increasing efficiency.

In summary, if you want to know how Nokia is building on its 150 year history of innovation, and what we are doing both today and in the future, this video is worth your time. And it should give you plenty of reasons to believe in this great company.

I hope you enjoy watching.

For more information on Nokia’s technological and industry leadership, please see our blog page. For financial information, see our investors’ page. Share your thoughts on this topic by joining the Twitter discussion with @nokia using #5G #research #innovation.

About Rajeev Suri

Rajeev has transformed Nokia into a leading technology company for a world connected by 5G and shaped by increasing digitalization and automation. Under his leadership, Nokia has acquired Alcatel Lucent, successfully expanded into enterprise vertical markets, created a standalone software business, and engineered the return of the Nokia brand to mobile phones. Rajeev is a UN Broadband Commissioner and a steward at the Digital Economy and Society systems initiative at the World Economic Forum.

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