© Reuters. FILE PHOTO: Rajeev Suri, Nokia’s President and Chief Executive Officer, speaks during the Mobile World Congress in Barcelona

HELSINKI (Reuters) – Nokia (HE:) Chief Executive Rajeev Suri said on Tuesday that the company had been a little slow in getting 5G technology up and running, citing merging its own technology plans with those of acquired Alcatel-Lucent (PA:) as a reason.

Asked about the regulatory problems facing Chinese telecoms rival Huawei, he said: “Perhaps there is long term opportunity but more than that, it’s hard to say at this point.”

Nokia last month reported a surprise quarterly loss after it failed to supply 5G telecoms equipment in time.

“We are late in 5G by a few weeks to a couple of months,” Suri told Nokia’s annual shareholder meeting.

Suri told investors he remained confident the company would reach its annual financial guidance.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-05-21