Inmarsat Group, the UK’s biggest satellite company, plans to launch a constellation of low-earth orbit spacecraft and set up 5G wireless networks, joining a new space race against the likes of Elon Musk.
Browsing: Rajeev Suri
Missteps helped drive shares of Nokia in its current form close to their all-time lows as a multiple of expected earnings. Its new CEO, Pekka Lundmark, is tasked with the difficult job of returning it to prosperity.
Nokia is exploring strategic options as fierce competition puts pressure on the Finnish network equipment maker’s earnings, people familiar with the matter said.
Nokia only really has two competitors in the telecommunications equipment business, and one of them has been all but banned from much of the market. Pretty ripe conditions for a thriving business? Not for Nokia.
Nokia shares plunged after the company said customers aren’t quite ready to increase spending on faster networks and are demanding price cuts.
The wait for a recovery in the wireless network equipment business just got longer with Nokia’s dire third quarter results. The Finnish manufacturer predicted a prolonged slump for the industry, sending its shares