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4A0-C04 action - Nokia NRS II Composite Updated: 2023

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Exam Code: 4A0-C04 Nokia NRS II Composite action November 2023 by Killexams.com team

4A0-C04 Nokia NRS II Composite

Exam Details for 4A0-C04 Nokia NRS II Composite:

Number of Questions: The exam typically consists of multiple-choice and scenario-based questions, with a total of approximately 60-70 questions.

Time Limit: The total time allocated for the exam is usually 90 minutes.

Passing Score: The passing score for the exam varies, but it is generally set around 70% or higher.

Exam Format: The exam is usually conducted in a proctored environment, either in-person or online.

Course Outline:

The Nokia NRS II Composite course covers the following key areas:

1. IP/MPLS Routing Principles:
- IP addressing and subnetting
- Routing protocols (OSPF, IS-IS, BGP)
- MPLS basics and concepts
- MPLS-TE (Traffic Engineering)
- IPv6 fundamentals

2. Service Routing Architectures:
- IP/MPLS VPNs (Virtual Private Networks)
- VPRN (Virtual Private Routed Network)
- VPLS (Virtual Private LAN Service)
- Multicast VPNs
- Service chaining and network slicing

3. Services and Applications:
- Quality of Service (QoS) mechanisms
- MPLS OAM (Operations, Administration, and Maintenance)
- Network security and protection
- Network management and monitoring
- Network virtualization and SDN (Software-Defined Networking)

4. Troubleshooting and Optimization:
- Network performance monitoring and analysis
- Troubleshooting methodologies
- Fault isolation and resolution
- Performance optimization techniques
- Network design best practices

Exam Objectives:

The objectives of the 4A0-C04 exam are to assess the candidate's understanding of the following:

1. IP/MPLS routing principles and protocols.
2. Service routing architectures and their components.
3. Services and applications related to IP/MPLS networks.
4. Troubleshooting methodologies and techniques for network issues.
5. Network optimization and performance enhancement techniques.

Exam Syllabus:

The exam syllabus for 4A0-C04 includes the following topics:

1. IP/MPLS Routing Principles
- IP addressing and subnetting
- Routing protocols (OSPF, IS-IS, BGP)
- MPLS basics and concepts
- MPLS-TE (Traffic Engineering)
- IPv6 fundamentals

2. Service Routing Architectures
- IP/MPLS VPNs (Virtual Private Networks)
- VPRN (Virtual Private Routed Network)
- VPLS (Virtual Private LAN Service)
- Multicast VPNs
- Service chaining and network slicing

3. Services and Applications
- Quality of Service (QoS) mechanisms
- MPLS OAM (Operations, Administration, and Maintenance)
- Network security and protection
- Network management and monitoring
- Network virtualization and SDN (Software-Defined Networking)

4. Troubleshooting and Optimization
- Network performance monitoring and analysis
- Troubleshooting methodologies
- Fault isolation and resolution
- Performance optimization techniques
- Network design best practices
Nokia NRS II Composite
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Question: 89
In an IP datagram, which of the following fields identifies the receiving application?
A. The protocol field of the transport layer header.
B. The port field of the transport layer header.
C. The protocol field of the network layer header.
D. The port field of the network layer address.
Answer: B
Question: 90
On an Nokia 7750 SR, what is the recommended approach for making sure that MTUs between a VPLS and its spoke
IES termination match?
A. Set the service MTU of the VPLS to match the IES MT
C. Set the ip-mtu of the IES to match the service MTU of the VPL
E. Set the SDP MTU of the IES to match the SDP MTU of the VPL
G. Set the MTU of the IESs network port to match the service MTU of the VPL
Answer: B
Question: 91
Which of the following cannot be used as a matching criterion in route policy statements?
A. Source IP address
B. TCP source port
C. Prefix list
D. Protocol type
Answer: D
Question: 92
An IS-IS TE enabled router has an interface on a 500Mbps link and it is configured with a 25% subscription.
If this interface is not used by any LSPs. what value will be shown in the Reservable Bandwidth sub-TLV?
A. 125 Mbps
B. 500 Mbps
C. 625 Mbps
D. 2000 Mbps
Answer: A
Question: 93
Click the exhibit.
Which of the following is a valid confederation configuration for Router R2?
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
Question: 94
Click the exhibit.
If router A originates a BGP route for prefix 192.168.0.1/27, what will the update contain when it reaches router B?
A. AS Path of 65200, Next Hop of router A, Origin of IG
C. AS Path of 65200, Next Hop of router A, Origin of incomplete.
D. Null AS Path, Next Hop of router A, Origin of IG
F. Null AS Path, Next Hop of router A, Origin of incomplete.
Answer: C
Question: 95
Which of the following about MPLS shortcuts for IGP on an Nokia 7750 SR is FALSE?
A. An IGP route takes priority over a transport tunnel.
B. Both LDP and RSVP-TE based tunnels can be used.
C. MPLS tunnels can be used to resolve the prefixes learned via IG
E. Multiple MPLS tunnels can be installed in the FI
Answer: A
Question: 96
What happens by default on an Nokia 7750 SR when a VPLS accepts a tagged frame at the ingress SAP 1/1/1:100?
A. The FCS is Checked and kept in the customer frame. The VLAN tag is kept and transported over the network.
B. The FCS is Checked and kept in the customer frame. The VLAN tag is removed for transport over the network.
C. The FCS is Checked and removed from the frame. The VLAN tag is kept for transport over the network.
D. The FCS is Checked and removed from the frame. The VLAN tag is removed for transport over the network.
Answer: D
Question: 97
Which of the following about VPRN VRF tables is FALSE?
A. A PE uses the same VRF table for all the VPRN services on it.
B. A PE uses a VRF to maintain forwarding information.
C. Information for VRFs can be advertised between PEs by MP-BG
E. A PE uses a VRF to route traffic to CEs.
Answer: A
Question: 98
A BGP session is in OpenConfirm state .
Which of the following messages must be received to transition to Established state?
A. Update
B. Open
C. Notification
D. Keepalive
Answer: D
Question: 99
Click the exhibit.
The CEs use BGP and export policies to advertise their local prefixes with the VPRN on their PEs.
If the VPRN is functioning properly, which of the following commands will succeed when performed on router R1?
A. "ping 192.168.20.1"
B. "oam vprn-ping 100 source 192.168.10.1 destination 192.168.20.1"
C. "oam vprn-ping 100 source 192.168.20.1 destination 192.168.10.1"
D. "ping 10.10.10.6" (router R6s system IP)
Answer: B
Question: 100
Which of the following statements best describes the function of an OSPF Type 4 LSA?
A. A Type 4 LSA is originated by an ABR to describe a route to an ASBR to routers outside the area.
B. A Type 4 LSA is originated by an ASBR to describe a route to itself to routers outside the area.
C. A Type 4 LSA is originated by an ABR that is connected to a stub area. The LSA is injected into the backbone area
to provide routing information.
D. A Type 4 LSA is originated by an ABR that is connected to a stub area. The LSA is injected into the stub area to
provide routing information.
Answer: A
Question: 101
Click the exhibit.
The output is from PE router R1 about VPRN service 100.
From which protocol did router R1 learn the prefix 192.168.20.0/24?
A. LDP
B. BGP
C. MP-BGP
D. MPLS
Answer: C
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Nokia Composite action - BingNews https://killexams.com/pass4sure/exam-detail/4A0-C04 Search results Nokia Composite action - BingNews https://killexams.com/pass4sure/exam-detail/4A0-C04 https://killexams.com/exam_list/Nokia Nokia to cut up to 14,000 jobs after 69% profit plunge

Nokia new logo displayed on mobile, with Nokia logo on screen.

Nurphoto | Nurphoto | Getty Images

Nokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings.

The Finnish telecommunications giant said that it will reduce its cost base and increase operation efficiency to "address the challenging market environment."

It is targeting to lower its cost base on a gross basis from 2023 by between 800 million euros ($842.5 billion) and 1.2 billion euros by the end of 2026.

This will reduce the number of employees currently from 86,000 to between 72,000 and 77,000.

The substantial layoffs come after Nokia reported third-quarter net sales declined 20% year-on-year to 4.98 billion euros. Profit over the period plunged by 69% year-on-year to 133 million euros.

Earlier this year, Nokia's rival Ericsson announced plans to lay of 8,500 employees, also as part of a cost cutting plan.

One of the world's largest telecommunications equipment makers, Nokia has been facing headwinds from a slowing global economy and from infrastructure spending reductions made by mobile operators.

Sales from Nokia's biggest unit by revenue, its mobile networks business, declined 24% year-on-year to 2.16 billion euros, with operating profit for the division diving 64% year-on-year.

Nokia said this was mainly driven by declines in North America. The company also described sale volumes in key market India as "moderated," as 5G deployments "normalize." 5G is next-generation mobile internet that promises faster speeds, and Nokia is part of India's rollout of the technology.

Cost cutting measures have also taken place in the U.S. this year, particularly with carriers such as Verizon and AT&T.

Nokia CEO Pekka Lundmark said in a Thursday statement that the decline in mobile networks revenue was owed to "some moderation in the pace of 5G deployment in India which meant the growth there was no longer enough to offset the slowdown in North America."

The company still expects full-year net sales in a range between 23.2 billion euros and 24.6 billion euros, sticking to its forecast.

"I remain confident in the fundamental drivers of our business," Lundmark said.

"Data traffic growth continues, the 5G rollout is still only around 25% complete, excluding China, and networks will continued investment. Cloud computing and AI revolutions will not happen without significant investment in networks that have vastly improved capabilities."

Nokia's numbers come after Sweden's Ericsson released third-quarter results on Wednesday, which showed a decline in revenue and similar issues in North America.

Ericsson CEO Borje Ekholm warned in a Wednesday statement that the "underlying uncertainty impacting" its mobile networks business will persist into 2024, casting doubt over a recovery for telecommunications equipment makers.

Wed, 18 Oct 2023 17:41:00 -0500 en text/html https://www.cnbc.com/2023/10/19/nokia-to-cut-up-to-14000-jobs-after-profit-plunges-.html
Inside Information: Nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability No result found, try new keyword!Nokia’s President and CEO Pekka Lundmark said ... we are not standing still but taking decisive action on three levels: strategic, operational and cost. First, we are accelerating our ... Wed, 18 Oct 2023 13:00:00 -0500 https://www.nasdaq.com/press-release/inside-information%3A-nokia-accelerates-strategy-execution-streamlines-operational Nokia says it will cut up to 14,000 jobs

Hong Kong CNN  — 

Nokia will slash up to 14,000 jobs in a major cost-cutting drive to address a “weaker” market environment, it said in a statement on Thursday.

The Finnish telecom giant, a major provider of 5G equipment that employs 86,000 people, announced the move as part of a wider restructuring that will lower its headcount to between 72,000 and 77,000.

The move will help the company reduce staffing expenses by 10% to 15%, and save at least €400 million ($421.4 million) in 2024 alone, the company projected.

Overall, it said the reductions are expected to trim Nokia’s costs by up to €1.2 billion (nearly $1.3 billion) cumulatively by the end of 2026. Nokia (NOK) said it would “act quickly” to make changes.

“The most difficult business decisions to make are the ones that impact our people,” CEO Pekka Lundmark said in the statement. “We have immensely talented employees at Nokia and we will support everyone that is affected by this process.”

The announcement came on the same day that Nokia reported worse-than-expected results. It said sales in the third quarter had fallen 15% compared to the same period a year ago, as “macroeconomic uncertainty and higher interest rates continue to pressure operator spending.”

Mobile network sales fell 19% in the third quarter compared to the previous year, the company added, due to a slowdown in the pace of 5G deployment in markets such as India.

This week, Swedish rival Ericsson also warned that sales in the second half of 2023 would likely come in lower than usual, echoing Nokia’s remarks of a “challenging environment and macroeconomic uncertainty.”

But Nokia has maintained its outlook for 2023, forecasting between €23.2 billion and €24.6 billion ($24.4 billion and $25.9 billion) in sales for the full year.

“We continue to believe in the mid to long term attractiveness of our markets,” Lundmark said.

Wed, 18 Oct 2023 21:04:00 -0500 en text/html https://www.cnn.com/2023/10/19/tech/nokia-layoffs-cost-cutting-intl-hnk/index.html
BRIEF-Nokia Says It Has Commenced Legal Action Against Amazon For The Unauthorized Use Of Nokia's Video-Related Technologies In Its Streaming Services And Devices No result found, try new keyword!* commenced legal action against amazon for the unauthorized use of nokia’s video-related technologies in its streaming services and devices * CASES HAVE BEEN FILED IN THE US, GERMANY, INDIA ... Mon, 30 Oct 2023 12:00:00 -0500 en-us text/html https://www.msn.com/ Nokia takes legal action against Amazon and HP over video streaming patent infringements

Nokia – the Finnish telecom equipment maker is suing Amazon and HP over the unauthorized use of a mix of video streaming-related essential patents. Nokia filed a lawsuit in a Delaware federal court and has also filed similar lawsuits across Germany, India, the UK and the European Unified Patent Court.

Nokia takes legal action against Amazon and HP over video streaming patent infringements

Nokia clarifies that Amazon Prime and Twitch platforms are using Nokia-patented technology for video compression, content delivery and content recommendation amongst others. HP devices were also found to violate Nokia’s patented video streaming tech.

Nokia claims it offered Amazon and HP fair terms for negotiating licenses for its patented tech but both companies declined the offers. Nokia is a leading R&D player with over €140 billion in investments in the last 20 years with ownership of over 20,000 patent families across various countries.

Source

Tue, 31 Oct 2023 12:00:00 -0500 en-US text/html https://www.gsmarena.com/nokia_takes_legal_action_against_amazon_and_hp_over_video_streaming_patent_infringements-news-60439.php
Inside Information: Nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability

Nokia Corporation
Inside Information
19 October 2023 at 8:00 EEST

Inside Information: Nokia accelerates strategy execution, streamlines operational model and takes action to protect profitability

  • Empowers its business groups to operate with more autonomy and agility, in order to speed up execution of its strategy
  • Embeds sales teams into business groups to better seize growth opportunities and more closely align customer needs to decision-making
  • Announces new program designed to lower cost base by EUR 800–1 200 million on a gross basis over a three year period
  • Reiterates its long-term comparable operating margin target of at least 14% to be delivered by 2026, as announced with Q3 results today

Espoo, Finland – Nokia today announces strategic and operational changes to its business and a program to reset its cost base. These actions will better position the company for longer-term growth and enable it to navigate the current market uncertainty.

Nokia’s President and CEO Pekka Lundmark said: “We continue to believe in the mid to long term attractiveness of our markets. Cloud Computing and AI revolutions will not materialize without significant investments in networks that have vastly improved capabilities. However, while the timing of the market recovery is uncertain, we are not standing still but taking decisive action on three levels: strategic, operational and cost. First, we are accelerating our strategy execution by giving business groups more operational autonomy. Second, we are streamlining our operating model by embedding sales teams into the business groups and third, we are resetting our cost-base to protect profitability. I believe these actions will make us stronger and deliver significant value for our shareholders.”

Accelerating strategy execution through operational autonomy

Nokia is accelerating its strategy execution through providing its four business groups with increased operational autonomy and agility. This will enable the business groups to better address opportunities in their distinctive markets with our existing and new customers. They will be empowered to faster diversify, build new ecosystem partnerships, implement new business models and invest for technology leadership.

Streamlining operating model to create dedicated sales teams

In 2021 Nokia created four P&L responsible business groups structured around unique customer offerings supported by a shared sales organization. The next evolution on this journey is to embed the sales and other go-to-market teams into each of the business groups.

Dedicated sales teams with a strong product and customer connection will enable business groups to better seize growth opportunities with our existing and new customers and diversify into enterprise, webscale and government sectors. This change will bring highly empowered teams in front of customers that are able to make quicker decisions based on their needs. Sales teams will collaborate across Nokia to ensure customers continue to benefit from the breadth of all Nokia offers.

Nokia will also move to a leaner corporate center that will provide strategic oversight and guidelines for instance for financial performance, portfolio development, and compliance. The company will continue its strong commitment to long-term research through Nokia Bell Labs.

Resetting cost-base to protect profitability         

To address the market environment Nokia will reduce its cost base and increase operational efficiency while protecting its R&D capacity and commitment to technology leadership.

Nokia targets to lower its cost base on a gross basis (i.e. before inflation) by between EUR 800 million and EUR 1 200 million by the end of 2026 compared to 2023, assuming on-target variable pay in both periods. This represents a 10–15% reduction in personnel expenses. Nokia expects to act quickly on the program with at least EUR 400 million of in-year savings in 2024 and a further EUR 300 million in 2025. The program is expected to lead to a 72 000 – 77 000 employee organization compared to the 86 000 employees Nokia has today.

The exact scale of the program will depend on the evolution of end market demand. The program is expected to deliver savings on a net basis but the magnitude will depend on inflation. The cost savings are expected to primarily be achieved in Mobile Networks, Cloud and Network Services and Nokia’s corporate functions. One-time restructuring charges and cash outflows of the program are expected to be similar to the annual cost savings achieved.

As announced with Q3 results today, Nokia reiterates its long-term comparable operating margin target of at least 14% to be delivered by 2026.

“The most difficult business decisions to make are the ones that impact our people. We have immensely talented employees at Nokia and we will support everyone that is affected by this process. Resetting the cost-base is a necessary step to adjust to market uncertainty and to secure our long-term profitability and competitiveness. We remain confident about opportunities ahead of us,” said President and CEO Pekka Lundmark.

Nokia will hold an investor and analyst progress update event on 12 December 2023 at its headquarters in Espoo, Finland. At the event Nokia will go into more detail on the evolution of its operating model along with an update on the progress of Mobile Networks and Cloud and Network Services.

These proposed changes are subject to local consultation requirements with employee representatives and Nokia’s social partners where applicable.

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Inquiries:

Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Kaisa Antikainen, Communications Manager

Nokia
Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com

Forward-looking statements
Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics and the general or regional macroeconomic conditions on our businesses, our supply chain and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including "continue", “believe”, “commit”, “estimate”, “expect”, “aim”, “influence”, "will”, “target”, “likely”, “intend”, “may”, “could”, “would” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties specified in our 2022 annual report on Form 20-F published on 2 March 2023 under Operating and financial review and prospects – Risk factors.


Wed, 18 Oct 2023 13:00:00 -0500 en text/html https://markets.businessinsider.com/news/stocks/inside-information-nokia-accelerates-strategy-execution-streamlines-operational-model-and-takes-action-to-protect-profitability-1032719231
Nokia to cut up to 14,000 jobs after profits plunge

Nokia has announced plans to cut up to 14,000 jobs over the next three years as it slashes costs after a worse-than-expected slump in demand for its mobile network equipment.

The Finnish technology company said the plans to cut 16% of its 86,000-strong global workforce were part of efforts to cut costs by €1.2bn by the end of 2026. The cuts were announced as the company revealed a 70% drop in third-quarter profits, which fell to €133m (£116m) compared with €428m a year earlier.

The Nokia chief executive, Pekka Lundmark, said: “The most difficult business decisions to make are the ones that impact our people. We have immensely talented employees at Nokia and we will support everyone that is affected by this process.

“Resetting the cost base is a necessary step to adjust to market uncertainty and to secure our long-term profitability and competitiveness. We remain confident about opportunities ahead of us.”

Nokia, which is headquartered in Espoo, Finland, did not detail where the job cuts would fall. It currently employs about 37,700 people in Europe, including in the UK, where it has offices in Bristol, Cambridge and Reading. Job cuts are also likely to affect its operations in the US, where it has about 10,500 staff in offices including in Chicago and Dallas.

Nokia said the exact scale of the cost-cutting programme would depend on demand for its products. However, it “expects to act quickly” in order to save as much as €400m next year and another €300m in 2025.

The company said that demand across the wider mobile networks market was likely to drop 9% overall this year. That is compared with previous expectations for a 2% decline.

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That reflected a drop in sales in countries including India, where Nokia said the pace of the country’s 5G rollout had “moderated” and was “no longer enough to offset the slowdown in North America”.

Wed, 18 Oct 2023 19:57:00 -0500 Kalyeena Makortoff en text/html https://www.theguardian.com/technology/2023/oct/19/nokia-cut-jobs-profits-plunge
Nokia says it's going to cut up to 14,000 jobs
  • Nokia said on Thursday it is planning to cut up to 14,000 jobs — or around 16% of its workforce.
  • The company is planning to lower costs by up to 1.2 billion euros by 2026.
  • In a separate statement, the company said sales declined by 15% in the third quarter.

Finland-based mobile company Nokia is planning to cut between 9,000 to 14,000 jobs amid a sales slump and reduced demand for 5G equipment, it said on Thursday. The higher end of these cuts is likely to impact around 16% of the company's current global workforce of 86,000.

The layoffs are part of cost-cutting measures to reduce expenses by 400 million euros, or $421 million, in 2024 and a further 300 million euros in 2025. 

The company wants to reduce total costs by 1.2 billion euros by 2026.

In a separate statement, Pekka Lundmark, the CEO of Espoo-based Nokia, said that the company's third-quarter sales of 4.9 billion euros had declined by 15% compared to the previous year due to macroeconomic challenges and higher interest rates. 

The company reported operating profits of 424 million euros in the third quarter, a 36% drop from the same period last year.

"Resetting the cost base is a necessary step to adjust to market uncertainty and to secure our long-term profitability and competitiveness," Lundmark said.

Nokia — which sold its mobile phone business to Microsoft in 2014 — expects to meet the lower end of its sales targets in the third quarter, which were set in the range of 23.2 billion to 24.6 billion euros.

Nokia also slashed its outlook for the overall mobile networks market in 2023 and is now expecting a 9% reduction, compared to a previous forecast of a 2% drop. The company's slowing 5G growth in India could no longer compensate for the similar slowdown in North America, said Lundmark.

A Nokia spokesperson directed Insider to the company statement in response to a request for comment.

Wed, 18 Oct 2023 19:03:00 -0500 en-US text/html https://www.businessinsider.com/nokia-layoffs-14000-job-cuts-phone-cost-cutting-2023-10 Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market

HELSINKI — (AP) — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit.

The Finnish company, one of the world's main suppliers of high-speed 5G wireless networks, said it's trying "to navigate the current market uncertainty" as higher interest rates take a toll.

The company said it is aiming to slash 800 million euros ($843 billion) to 1.2 billion euros in costs by the end of 2026. That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period.

Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion in the same three-month period last year. Comparable net profit plunged to 299 million euros in the July-to-September quarter from 551 million a year earlier.

The company’s biggest unit by revenue — the mobile networks business — declined 24% to 2.16 billion euros, driven mainly by weakness in the North American market. Operating profit for the division fell 64%.

“We continue to believe in the mid- to long-term attractiveness of our markets,” Nokia CEO Pekka Lundmark said in a statement. “Cloud computing and AI revolutions will not materialize without significant investments in networks that have vastly improved capabilities.”

The market weakness comes as telecom operators, Nokia's main clients, put investments on hold because of higher interest rates and financial costs. Higher rates — enacted by central banks worldwide — combat inflation by making it more expensive for businesses to invest in equipment and more.

The issue is marketwide, Lundmark stressed, adding that Nokia's competitors are facing a similar problem.

The world's other main suppliers of 5G broadband technology are Sweden's Ericsson, China's Huawei and South Korea's Samsung. Ericsson said earlier this year that it was cutting 8% of its global workforce as it looked to reduce costs.

Rather than buying new, operators are using their existing stocks of network equipment like base stations that they hoarded due to a lack of components a few years ago, Lundmark said.

“Investments by operators have reduced remarkably,” Lundmark told reporters during a media briefing. “Perhaps the most serious situation prevails at the North American market, which has a very critical effect to our total profitability.”

Nokia's sales in North America nosedived 45%, to 1.3 billion in the third quarter, from a year earlier.

Even in India, a market that has seen substantial revenue growth in the past few years, the pace of 5G network rollouts — a main growth driver — has started to slow, Nokia said.

“Cost-cutting is necessary so that we can secure our competitiveness and thus our future,” Lundmark said.

Wed, 18 Oct 2023 21:05:00 -0500 en text/html https://www.actionnewsjax.com/news/nokia-plans-cut-up/INDQRCFT3IHNW6JVWCPGNYKUZ4/




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