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Nokia beats forecasts as 5G sales start to kick in

Updated : July 25, 2019 01:01 PM IST

Despite what the company called a slow start to 2019 and an overall weak first half, it expects a strong fourth quarter as customer demand for 5G kit increases.
Shares in the company jumped 6.8 percent in initial trading.
Nokia said it now has 45 commercial 5G deals and 9 live networks but also echoed comments from rival Ericsson on increasing competition as companies look to grab share in the early rollout of 5G.
Nokia beats forecasts as 5G sales start to kick in
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