HMD Global said Tuesday that it would use the fresh capital to invest in the development of 5G smartphones.

HMD Global said Tuesday that it would use the fresh capital to invest in the development of 5G smartphones.

Nokia saw its profits rise 22% to 316 million euros ($376 million) in the second quarter despite quarterly revenues falling 11% to 5 billion euros.

The days when Nokia (NOK) handsets were all the rage are now a bygone era. The former market leader sold its phone business to Microsoft in 2014, and although today the Finnish tech company remains a major multinational telecommunications player, since the “glory years,” shares have been in decline.However, following the coronavirus infected bloodbath, share […]

The Finnish firm hopes the software will help it in its battle against Huawei and Ericsson for next wave of 5G orders as the technology should allow carriers to save on costs. “This solution will save the telecommunications industry potentially tens of billions of euros in site engineering and re-visit costs,” Nokia said in a statement.
It does everything you could want from a smartphone, without excelling in any one particular area
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