With many countries deciding to ban China’s Huawei from providing 5G equipment for their national grid, Nokia is likely to benefit from such market opportunities.
On Thursday, Finnish telecom giant Nokia stated it will merge its mobile networks as well as fixed networks business groups into a new unit called Access Networks. The reorganization comes midst efforts to tap growing opportunities in the next generation 5G network.
“By creating a single Access Networks organization that includes both fixed and mobile, we can improve our customer focus, simplify our management structure, and more efficiently leverage our full portfolio,” said Rajeev Suri, Nokia’s Chief Executive in a statement.
Nokia has also announced changes in its management saying it has appointed Tommi Uitto as the president of its Mobile Networks business; Marc Rouanne, who has been serving as president of Mobile Networks, will be leaving the company.