Nokia

Nokia is a global network infrastructure and software company, based in Finland. It sells to operators, hyperscalers, enterprises and governments, and also licenses its patents. It has recently reorganised its business structure in 2026: Network Infrastructure (~40% of sales), which includes optical and IP networks, with optical up 20% y-o-y; Mobile Infrastructure (~56% of sales), supplying the RAN and core systems behind 4G/5G networks; and Portfolio Business, a small set of units where operations are being wound down.

Aryan Nejabati

Co-Head of Strand Global Macro & Head of Macro

18 Jul 2026