Nokia and Alphabet’s Google Cloud division worked together on Thursday to establish a 5G core network infrastructure and allow enterprise customers to provide services such as smart retail and automated manufacturing.
The cloud computing departments of large technology companies such as Microsoft and Amazon are also establishing contacts with telecommunications providers before deploying 5G infrastructure to gain a share of new services that new technologies may bring.
Nokia will use its 5G expertise, and Google Cloud will act as a platform for launching applications and assist customers in building a service ecosystem.
Google Cloud managing director Amol Phadke told Reuters: “By the end of this year, we will start to see some of these things enter the real-time environment.”
He added that the timetable for the provision of services will depend on telecom operators.
Last October, Nokia CEO Pekka Lundmark comprehensively reformed the Finnish company’s 5G strategy. Lundmark announced a new strategy, according to which the company will have four business units. Nokia said that Nokia will “do everything possible” to lead the 5G field, lagging behind Swedish rivals Ericsson and China’s Huawei.
Lundmark said in a statement: “We expect to stabilize our financial performance in 2021, and gradually improve towards our long-term goals thereafter.”
The company also lowered its operating profit margin in 2020 from 9.5% to 9%, and expects an operating profit margin of 7% to 10% in 2021.
JP Morgan analysts said that higher R&D spending may make its profit margin lower than the 2021 consensus estimate of 10.9%. .
© Thomson Reuters 2020
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