VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

Network equipment supplier Nokia withdraws from Russia

admin by admin
April 13, 2022
in IT news
0
Network equipment supplier Nokia withdraws from Russia
0
SHARES
42
VIEWS
Share on FacebookShare on Twitter

The withdrawal will not change the outlook for the full year, the network equipment supplier said.

Stockholm Finnish network equipment manufacturer Nokia no longer wants to do business in Russia because of the Russian invasion of Ukraine. Nokia is withdrawing from the market, company CEO Pekka Lundmark told Reuters in an interview published on Tuesday. That is the only option. “We just don’t see an opportunity to continue in the country under the current circumstances,” Lundmark said.

This takes the group one step further than its Swedish competitor Ericsson, which has announced that it will suspend all activities in Russia indefinitely.

Because of the war in Ukraine, hundreds of foreign companies have already cut their ties with Russia. The market share of Nokia, as well as Ericsson, in Russia is significantly smaller than that of Chinese competitors Huawei and ZTE. The withdrawal will not change the outlook for the full year, Nokia said. However, a provision of around EUR 100 million will be required in the first quarter.

In addition, the Finns want to abandon their original plan to set up a joint venture with the Russian company Yadro for the construction of 4G and 5G sites. Around 2,000 employees are affected by the withdrawal. Some may be offered work in other regions.

Previous Post

Nomadic VR offers hyper-reality experiences for leisure centers

Next Post

everything you need to know -generationYOUNG

admin

admin

Related Posts

How to Grow a YouTube Channel with ScaleLab
IT news

How to Grow a YouTube Channel with ScaleLab: Effective Strategies for Creators

February 4, 2025
Sticker mockups
IT news

Sticker mockups: how to visualize your ideas professionally and efficiently

January 13, 2025
Ways to Get Free Senegal Proxies for Work and Surfing
IT news

Ways to Get Free Senegal Proxies for Work and Surfing

December 24, 2024
Crypto Betting Frontiers
IT news

Crypto Betting Frontiers: The 2025 Landscape

December 6, 2024
iGaming Marketing Trends for 2025
IT news

iGaming Marketing Trends for 2025: Adapting to a Rapidly Changing Landscape

December 5, 2024
Next Post

everything you need to know -generationYOUNG

Premium Content

Review IT Weekly (18.05 – 24.0.2020)

Review IT Weekly (18.05 – 24.0.2020)

June 22, 2020
Skyworld in development for SteamVR

Skyworld in development for SteamVR

July 5, 2022
Tencent wants to sell stake in Chinese delivery service

Tencent wants to sell stake in Chinese delivery service

August 17, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • How to Grow a YouTube Channel with ScaleLab: Effective Strategies for Creators
  • Sticker mockups: how to visualize your ideas professionally and efficiently
  • Ways to Get Free Senegal Proxies for Work and Surfing

© 2023 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2023 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?