Nokia expects the network industry environment to remain difficult in the first half of 2024.
Investments by telecom service providers remained subdued, the telecom equipment supplier said. But there are also bright spots on the horizon with improved order intake in the network infrastructure business.
Mobile network challenges would remain in 2024, but the company’s gross margin should improve in the second half of the year thanks to cost savings, Nokia said.
By Dominic Chopping
FRANKFURT (Dow Jones)
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