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Nokia CEO calls Q1 results ‘a clear improvement year-on-year’

April 30, 2021

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Before 5G was even commercially available and certainly before “private networks” and “Industry 4.0” were broadly in the lexicon, Nokia was clear it would sell what would become private 5G in partnership with carriers and directly to enterprise end users. As the space has emerged as the likely long-term revenue driver and value creator associated with 5G, Nokia now says it counts more than 290 private wireless customers, according to CEO Pekka Lundmark, speaking this week on a first quarter earnings call.

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