Nokia takes a hit as Samsung secures Verizon 5G deal
The logo of Samsung Electronics is seen on a dish washer at its store in Seoul
STOCKHOLM () Finnish telecom firm Nokia has suffered a setback after a source close to the matter confirmed it had lost out to Samsung Electronics on a part of the contract to supply new 5G equipment to Verizon in the United States.
With this $6.64 billion contract win, Samsung has reinforced its position as a challenger to the dominance of Nokia and its coque iphone 6 enjoy Nordic rival Ericsson in selling telecom gear, after coque iphone 6 livraison rapide China's Huawei was barred from bidding for 5G contracts in the United States.
The loss for Nokia comes after its new Chief Executive Pekka Lundmark took the top job in August, but the source said negotiations were going on before he took charge.
A Nokia spokeswoman declined to comment on the bugs bunny angry style coque 3d iphone xs max loss.
"We play a critical harry potter quotes s0172 coque iphone 7 iphone 8 1coques8samsung11924 role in enabling Verizon's 3G and 4G networks and continue to work with them to accelerate innovation in 5G," she said. sortie de chaussures nike coque samsung galaxy j5 coque iphone X XR XS max K2218 coque one piece fjallraven skule 40 stone grey custodia cover iphone 5 6 7 8 plus x xs xr case N7431 angel beats wallpaper 12nC7 Custodia Cover iphone 11 pro max Vikings Logo Artwork L3229 Case "They remain a top three global customer."
Major telecom firms such as Verizon uses several suppliers for building various parts pogba minchester united w8585 coque iphone 7 iphone 8 1coques8samsung8567 of a network coque iphone 6 multicolor with radio contracts accounting for a big part of the spending.
Liberum analyst Janardan Menon said supreme money p1676 coque iphone 7 iphone 8 1coques8samsung10246 the contract loss could impact majoras return coque samsung s10 antens102021117 Nokia's ability to invest in technology at the same rate at its competition, and rival Ericsson might have even increased its share at Verizon. coque iphone 6 disney stitch 3d fjallraven kanken mini backpack leaf green cover iphone 11 cave https://www.alpesprobois.fr/products/coque-iphone-8-gaming-710pascher6236 Liberum has a "hold" rating on Nokia shares.
An Ericsson spokesman declined to comment.
Nokia shares were down 1% in morning trade.
The shares had fallen in game of thrones z0182 iphone coque galaxie j4 plus 6 6s coque goldufoa7459 July when brokerage JPMorgan said there was a real risk Verizon would reduce its dependence on Nokia as its primary RAN (radio access network) supplier going forward and shift towards Samsung.
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