The race for 5G is still on and the big players behind the infrastructure are Nokia, Huawei, and Ericsson. Just recently, it was reported that the UK is set to grant Huawei access to its 5G network. This move will surely affect its competitors. Now reports have surfaced that Nokia has been on a hiring spree to develop its 5G technology.
The Finnish company has hired up to 350 members of staff this year in its home country. A Nokia spokeswoman disclosed in an email that over 200 of these staff have been employed for its mobile networks while several others are assigned to work on developing SoCs for its 5G equipment.
The info about the recruitment was also confirmed by Tommi Uitto, the president of Nokia’s mobile networks who took the helm of the division a year ago.
Nokia’s shares took a 21% dive last week following the posting of its third-quarter earnings. This year, its shares have dropped by 30%. The company is cutting down on its expectations. They are expecting losses as two of its largest customers, T-Mobile US and Sprint are set to merge. Since both network operators are set to merge, their spendings have slowed due in part to court challenges.
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(Source)
