Nokia wins 5G contracts despite delays, says CEO

Nokia Oyj is winning “pretty good” contracts on the new 5G telecommunications networks, as the top three vendors go head-to-head in the emerging business, says its executive director, Rajeev Suri.

“We compete quite favorably with Huawei, with or without current security concerns,” Suri said in an interview with Bloomberg TV’s Caroline Hyde on Monday, referring to questions raised by the United States and other countries about the situation of China’s Huawei Technologies. Co., the largest manufacturer of network equipment in the world.

Against his Nordic competitor Ericsson AB, “we want two out of three times,” Suri said.

The chief executive refutes the concerns of some analysts and executives that Nokia has been delayed in the early stages of product delivery for the fifth generation of mobile networks. A few weeks of delays “are not really much” in the context of a cycle of 15 to 20 years, says Suri. In the first quarter, the Finnish company struggled to record the revenues of the contracts it had signed (42 worldwide

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