Nokia lowers cost cut target to invest in 5G and digitalization

Nokia lowers cost cut target to invest in 5G and digitalization

6 months ago
Anonymous $yQ5BfQaAxy

https://www.reuters.com/article/us-nokia-costs/nokia-lowers-cost-cut-target-to-invest-in-5g-and-digitalization-idUSKBN1ZD18B

The Finnish telecoms equipment maker Nokia lowered its cost savings target to 500 million euros ($557 million) from the previous 700 million by the end of 2020 to invest more in 5G technology and digitalization, it said on Tuesday.