Nokia scraps end-to-end strategy

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Nokia CEO Pekka Lundmark warned it faced a financially challenging 2021 with a need to pump further funds into 5G R&D, as he announced a sweeping restructuring of its business units and strategy to boost alignment with its customers.

Lundmark (pictured, right) said the overhaul of the business would see it scrap a strategy of providing โ€œend-to-end solutionsโ€ across its units, in favor of a more focused approach where each business segment would have to be competitive in its own right, both in terms of market position and profitability.

 

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