Nokia CEO: we haven't missed 5g opportunity, China is still an important market

Pekka lundmark, President and CEO of Nokia, said in an interview yesterday that the industry's investment in 5g network will be much longer than that of 4G network, which will give Nokia, which is currently in a weak position, time to catch up with its competitors.
On Thursday, the Finnish telecom equipment maker outlined its plans to regain competitiveness by 2023, with Nokia cutting up to 10000 jobs in two years, thereby using the savings to hire new employees in the 5g sector. Mr Long said the actions were necessary but did not mean Nokia had missed the opportunity.
Nokia's CEO said in an interview on Thursday that due to the industrial digital revolution brought about by 5g network, its main construction cycle will be "twice as long as the 4G peak period". "So we're not late."
The delay in the launch of 5g networks in Europe will buy time for Nokia, which is seeking to regain market share from Ericsson and Huawei. Mr Long said Nokia's previous mistakes in the design of 5g devices had been largely overcome. Now Nokia is increasing its base station shipments, which include its more cost-effective proprietary system on chip.
"We were not so successful in the first phase of 5g, when our products were not completely ready." He is referring to the cycle of China's sudden start of 5g construction in 2019. "Now that our competitiveness has increased significantly, we believe that when we get through this year's difficulties, we will return to competitiveness."
Tommi uitto, head of Nokia's mobile networks business, said that when operators made the first round of equipment purchases, the initial loss of base station market share was particularly obvious in China. Although Nokia may not be able to recover meaningful market share, it is still participating in subsequent rounds of purchases to prevent further share erosion, he said.
"We believe that the risk of any significant loss of market share is greatly reduced," Tommi uitto said
On the Chinese market, long Peikai said in an interview with light reading reporters on Thursday: "we have entered the 5g market in China, but compared with the 3G and 4G era, our share is much smaller. The reason is not that we take the initiative to make the decision not to participate in the (China) 5g market, but that our products are not competitive enough when (Chinese operators) make large-scale and centralized procurement decisions. "
"It's different now," he continued. We have greatly improved the competitiveness of our products, and there will be a new round of procurement after that. We continue to regard China as an important market. "
So what kind of 5g base station project is Nokia likely to win? Long Peikai said that the first phase of China's 5g deployment is mainly the installation and deployment of advanced mass MIMO base stations in provincial capitals. In the next phase, the network deployment jointly conducted by China Mobile and China Radio and television may focus on the use of lower frequency wide area coverage. "China Radio and television is the only operator in China with 700MHz spectrum, so they are likely to deploy 300000-400000 base stations on 700MHz," he said
He believes that another network built by China Telecom and China Unicom will use 2100mhz spectrum after heavy cultivation. "They can use this medium frequency band for the uplink of mobile networks, while still using 3.5GHz for the downlink." Long Peikai pointed out that dynamic spectrum sharing may appear in these plans.