It seems the renowned phone Company, Nokia is coming back to limelight as they have major plans on the Global 5G service. According to reports, the closest competitor Nokia wants to oust is Huawei.
Nokia has set its sights on ousting Huawei as a global 5G telco supplier. According to a report trending online, the Finnish company is playing ‘both sides’ of the US-China trade war.
US-China Strained Relationships on 5G Global Services
According to reports made by the Wall Street Journal, Nokia is currently the world’s second largest telco equipment provider and is further changing itself into a formidable 5G vendor. Also, from previous reports in Australia, Optus has invested much into Nokia components for its first 5G home broadband plans.
This competition is coming because of the strained US-China relations on Cybersecurity. Based on a previous report by the CNN, the US was against Huawei plans of venturing into the 5G services. According to them, the Chinese governments could use that service to spy on their consumers. But the Allegations was denied by the Chinese company.
So based on these, The Finnish company has emerged the best alternative to Huawei, following strained US-China tensions over cybersecurity and national intelligence. In line with this, Nokia is also reportedly stepping up its Chinese 5G presence via a joint enterprise with a state-owned Chinese enterprise.
Nokia has been much involved in the Chinese markets from production, marketing, even to hiring of staffs. For instance, in the major part of China region, it is reported Nokia employs triple the number of staff than its Finnish HQ – around 17,000.
According to Nokia Chief Executive Rajeev Suri:
“We want to be a friend of China”
At the moment, Nokia seems to be on the right part as the competition appears to be healthy for the company. But the question now is that, can Nokia really rival Huawei 5G global service?
Some media company claims that the Finnish company may have a long way to go before it reaches Huawei.