Did Nokia lose Verizon, it's biggest customer, in USA to 5G as well as 4G, or just 5G?
How about T-mobile? Is Nokia ramping up it's business with T-mobile or losing out to Samsung?
5 replies (most recent on top)
@aVgll+1fgDiZ8Z Open RAN changes the entire ball game. Verizon will have many supplier choices.
Nobody is losing out to Samsung!! Dont be fooled, VZ allowed Hans to make a cheap upfront decision. This will be a multiyear impact on VZ. Allowing Nokia, and Ericsson, time to develop equipment all the while eventually picking up the failed Samsung Network pieces and ridiculing the #4 carrier Verizon.
You would think Finland Nokia Executives would have learned their lesson when they lost Verizon. Perhaps not with the recent loss of AT&T as well. They have basically managed to undo everything Alcatel-Lucent handed to them 7 years ago with three out of the four big USA customers at that time (Verizon, AT&T, Sprint, T-mobile).
NOKIA hasn't stopped monthly layoffs since it acquired Alcatel-Lucent - where they were the norm. CEO Rajeev Suri - in his consummate ineptitude - failed to convince VZW to keep NOKIA as a vendor. I guess when you keep your major customer waiting 4 hours for an important meeting with you - they tend to not take you seriously. VZW has been swapping out tower equipment for Samsung ever since.
The big loss was the $6.25B deal with VZ for 5G. 4G is probably in maintenance mode right now. The network infrastructure area, especially the Fiber optics unit has been doing well as Huawei is banned and everyone is moving to more and more fiber. The reset year was last year and when the reset is over 15,000 jobs will be gone. Yeah, NOK was a pretty bad place to work.