He said Thursday that “more change is needed”
within Nokia, which has played catch-up with
China’s Huawei and Sweden’s Ericsson in the 5G
market. Last week, Ericsson reported upbeat
third-quarter earnings that were helped by the
rollout of 5G networks in China and a strong
U.S. market.
“Our financial performance in 2021 is expected
to be challenging,” Lundmark said. “We have lost
share at one large North American customer,