Nokia published less than stellar results in Q2 – the network business was slow, but it’s supposed
to pick up as carriers start building their 5G networks later this year. And it’s already happening,
the Finnish company just announced a multi-year partnership with T-Mobile.
The $3.5 million deal will see Nokia furnish T-Mobile US with hardware, software and services to
develop and deploy a nation-wide 5G network. Sprint customers can also look forward to the 5G
future thanks to the merger with T-Mobile.The network includes both wide-coverage 600MHz bands
and the high-capacity 28GHz millimeter wave bands.
And just in case it didn’t register, Nokia issued a second press release to confirm that it forsees better financials in the second half of the year. It expects an operating margin of 9-11% for the full year with earnings per share of €0.23-0.27.
