Nokia Corporation (NOK): The Story Of The Expansion Into The 5G Core Network Market!

Nokia Corporation’s engagement in the second quarter of 2024 revolved around significant developments amid a transitory, challenging market environment. The company announced two crucial transactions: the proposed acquisition of Infinera, a North American optical networking entity, and Nokia’s plan to divest its submarine networks business to the French State. The acquisition of Infinera is expected to boost Nokia’s Optical Networks business by quickening innovation for customers and strengthening Nokia’s position in North America. Concurrently, the company’s decision to divest the submarine business sharpens the focus on a future built on Fixed Networks, IP Networks, and Optical Networks. However, Q2 demonstrated an 18% decline in top[1]line year-over-year, three-quarters of which was driven predominately by India.