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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ

(NOKIA)
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Swedish Regulator Halts 5G Auction as Court Reviews Huawei Ban

11/10/2020 | 05:36am EST

By Dominic Chopping

STOCKHOLM--The Swedish telecom regulator has halted its fifth-generation spectrum auction that was planned for Tuesday after the Stockholm administrative court suspended parts of the regulator's decision to ban the use of Huawei Technologies Co. equipment.

The Swedish Post and Telecom Agency in October banned the use of Huawei and ZTE Corp. telecom equipment in critical 5G-network infrastructure due to security concerns.

PTS, as it is known, approved four companies to participate in coming 5G-spectrum auctions and told them that Huawei and ZTE products couldn't be used in new installations of central functions, and any existing products from the two companies must be removed.

Huawei lodged an appeal against the decision to the Stockholm court on Friday.

"The administrative court has concluded that Huawei has the right to appeal PTS's decision," Chief Counsel Johan Lundmark said in a court statement.

"The conditions relating to, among other things, the use of Huawei products until further notice, don't apply during the administrative court's further examination of the case."

PTS said it will analyze the administrative court's decision and review the possibility of starting the auction as soon as possible.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

11-10-20 0535ET

Stocks mentioned in the article
ChangeLast1st jan.
CK HUTCHISON HOLDINGS LIMITED -1.82% 56.5 End-of-day quote.4.44%
ERICSSON AB -0.14% 97.3 Delayed Quote.-0.35%
NOKIA OYJ -1.02% 3.3905 Delayed Quote.7.60%
TELE2 AB -0.78% 115.1 Delayed Quote.5.99%
TELENOR ASA -0.62% 144.95 Real-time Quote.-0.65%
TELIA COMPANY AB 0.14% 36.3 Delayed Quote.6.89%
ZTE CORPORATION -4.08% 33.88 End-of-day quote.0.68%
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01/19Tele2 Secures Frequencies in Swedish Spectrum Auction
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01/14EUROPE : European stocks extend gains for third day, political woes hit Italy
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01/14NOKIA : Picked For US Federal 5G Cybersecurity Project
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More news
Financials
Sales 2020 21 527 M 26 196 M 26 196 M
Net income 2020 646 M 786 M 786 M
Net cash 2020 1 884 M 2 292 M 2 292 M
P/E ratio 2020 29,0x
Yield 2020 0,16%
Capitalization 19 085 M 23 232 M 23 225 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,79x
Nbr of Employees 94 250
Free-Float 93,3%
Chart NOKIA OYJ
Duration : Period :
Nokia Oyj Technical Analysis Chart | NOKIA | FI0009000681 | MarketScreener
Technical analysis trends NOKIA OYJ
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 3,68 €
Last Close Price 3,39 €
Spread / Highest target 53,4%
Spread / Average Target 8,58%
Spread / Lowest Target -38,6%
EPS Revisions
Managers and Directors
NameTitle
Pekka Ilmari Lundmark President & Chief Executive Officer
Sari Maritta Baldauf Chairman
Marco Wirén Chief Financial Officer
Marcus Weldon Chief Technology Officer
Kari Henrik Stadigh Vice Chairman
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