KIANEWS Buy Nokia shares
10. 12. 2020 Thursday / By: Robert Denes / Business / Exact time: BST / Print this page
Nokia continues to trade at a steep discount as investors do not recognize the long-term growth of the 5G business.
Nokia shares peaked in the summer when markets expected questionable 5G revenue growth. Instead, the loss of the Verizon Communications business for a newcomer has shaken investor confidence.
Nokia shares are disappointing after peaking at $ 5.00 in August. Still, news of the company’s strong prospects comes in chunks. Investors can take advantage of the company’s weak quarterly report as a chance to buy additional shares. Competitor Ericsson (NASDAQ: ERIC) trades at twice Nokia's market capitalization. This suggests that Nokia's market advantage will not be lasting.
Nokia has strengthened 20% in the past month ahead of several key shipping deals. For example, the UK has banned the installation of new Huawei 5G equipment. This will open up Nokia’s market share in the region. Nokia and Ericsson have already entered into some contracts to exchange Huawei equipment. Together with the government’s investment in smaller players, Nokia’s growth in the UK will offset Verizon 5G’s loss of supply.
On November 30, Nokia announced that it had been selected by African mobile operator Togocom to deploy 5G across the country. Under the three-year agreement, the telecommunications company will purchase equipment from AirScale’s portfolio. These include AirScale base stations, the MIMO adaptive antenna and the AirScale Micro Remote Radio Head...read more Via Link