Nokia eyes recovery after profit drop

Data from Dell’Oro Group showed Huawei was the leading telecom equipment vendor by revenue in 2023, but the overall market had contracted 5% year-on-year, snapping five years of consecutive growth. 

Huawei signed global patent licensing agreements with Amazon and Chinese smartphone firm Vivo, moves the infrastructure company said will provide consumers with more innovative products and services. 

Nokia announced it secured a contract from TIM Brasil to expand the operator’s 5G network across 15 Brazilian states in January 2025, a move that will deliver high-speed connectivity to a wider population and enable enterprises to tap into digital serv…