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    NOKIA   FI0009000681

NOKIA OYJ

(NOKIA)
  Report
Delayed Quote. Delayed Nasdaq Helsinki - 09/17 11:29:49 am
4.699 EUR   -2.37%
09/17Tech Stocks Slip Premarket Friday
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09/17NOKIA OYJ : Commences 5G Services In Indonesia
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Nokia wins first 5G radio contract in China, Ericsson loses ground

07/19/2021 | 11:00am EDT
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona

STOCKHOLM, July 19 (Reuters) - Nokia on Monday won its first 5G radio contract in China, securing a share in one of China Mobile's three new 5G contracts, while Nordic rival Ericsson lost market share after getting caught up in a political spat.

As is customary, Chinese companies took the lion's share of the order. Huawei took a majority share in all three contracts, followed by ZTE, according to a document https://b2b.10086.cn/b2b/main/viewNoticeContent.html?noticeBean.id=773468 published by China Mobile.

China has been ahead of all other countries in deploying 5G networks, making it one of the biggest markets for telecom infrastructure companies.

Nokia, which didn't secure any 5G radio contracts in China last year, got a 10% share in one of the three contracts, while Ericsson got 9.6% of another contract.

The total tender is for about $6 billion divided between the three contracts, two sources familiar with the matter said. Nokia got 4% of the overall tender, the sources said.

Ericsson said it was awarded about 2% of the work, compared with about 11% last year.

The Swedish company had been expected to get a lower share of China's 5G roll-out after Sweden decided to exclude Chinese vendors from its own networks.

Nokia is aware of the tender results and will provide more details during its earnings call on July 29, a spokesperson said.

China's other major telecom operators - China Telecom and China Unicom - will soon announce winners of the second phase of 5G contracts.

"Given the context and based on the bidding rules, should Ericsson be awarded business in China Unicom and China Telecom we believe it would be in a similar range as with the China Mobile award," Ericsson said in a statement. (Reporting by Supantha Mukherjee in Stockholm Additional reporting by David Kirton in Shenzhen Editing by Kirsten Donovan and Mark Potter)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MOBILE LIMITED 0.21% 47.8 End-of-day quote.8.14%
CHINA TELECOM CORPORATION LIMITED 0.00% 2.62 End-of-day quote.21.86%
CHINA UNICOM (HONG KONG) LIMITED 0.00% 4.05 End-of-day quote.-8.99%
ERICSSON -1.88% 98.45 Delayed Quote.0.83%
NOKIA OYJ -2.37% 4.699 Delayed Quote.49.13%
ZTE CORPORATION 0.21% 34 End-of-day quote.1.04%
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Analyst Recommendations on NOKIA OYJ
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Financials
Sales 2021 22 182 M 26 008 M 26 008 M
Net income 2021 1 159 M 1 359 M 1 359 M
Net cash 2021 3 465 M 4 063 M 4 063 M
P/E ratio 2021 23,3x
Yield 2021 0,73%
Capitalization 26 531 M 31 143 M 31 107 M
EV / Sales 2021 1,04x
EV / Sales 2022 0,97x
Nbr of Employees 92 039
Free-Float 93,3%
Chart NOKIA OYJ
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Nokia Oyj Technical Analysis Chart | NOKIA | FI0009000681 | MarketScreener
Technical analysis trends NOKIA OYJ
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 4,70 €
Average target price 5,74 €
Spread / Average Target 22,1%
EPS Revisions
Managers and Directors
Pekka Ilmari Lundmark President & Chief Executive Officer
Marco Wirén Chief Financial Officer
Sari Maritta Baldauf Chairman
Nishant Batra Chief Strategy & Technology Officer
Kari Henrik Stadigh Vice Chairman
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