For the new Nokia, all eyes are on the progress of its integration with Alcatel-Lucent.
During its Capital Markets Day, Nokia confirmed that 2017 will be a challenging year as the headwinds in the Mobile Broadband and Fixed Networks segments will be compounded by ongoing rebuilding efforts in the Applications and Analytics segments. Looking further ahead, competitive pressures and price erosion will impact the company’s core markets in the long run, as Nokia expects the industry to grow at only a 1% average pace through 2021. We are lowering our fair value estimate for Nokia to $4 ...
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