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

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

4 years 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.

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

Jan 14, 2020, 11:15am UTC
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.