According to foreign media reports, Pekka Lundmark, CEO of telecommunications network equipment manufacturer Nokia, said that as the technology sector is increasingly caught in trade and political conflicts, the company Plan to get rid of geopolitical entanglement and maintain a neutral position.
At present, the United States is using its national strength to prevent China’s Huawei from entering the global 5G mobile network market, which brings opportunities to its rival Nokia in the 5G network equipment market. Faced with the current situation, Lundmark, who took over the power of Nokia on August 1, is seeking his own foothold.
“I think it would be a major mistake if a single company starts to promote their political agenda.” Lundmark said in an interview with the media on Friday local time. “It is very important for companies to be straightforward and do what they should do. Things. We have no political agenda, we are a pure enterprise.”
The Donald Trump administration has been pressing its allies to prevent its allies from using Huawei’s equipment under the pretext of posing a national security risk. Faced with unreasonable suppression by the US government, Huawei has repeatedly and forcefully denied these allegations with ulterior motives.
Huawei is not the only Chinese technology company that has suffered unprovoked suppression by the US government. On Thursday, local time, Trump signed an order to ban TikTok, an overseas version of the Chinese app Douyin, which is popular with American users, and Tencent’s social media app WeChat. Nokia said last month that Huawei was suppressed by the US government and brought some business to Nokia. The United States and the United Kingdom have signaled that the governments of the two countries are considering providing some form of assistance to Nokia and its Swedish rival Ericsson to ensure the competitiveness of its 5G equipment supply.
Nokia lags behind its competitors in the 5G network equipment market, which is why Lundmark was hired as the new head of Nokia. Just five days after taking up the position of Nokia’s new CEO, Lundmark said he is busy talking with customers and has begun to plan a way forward for the company.
“It is extremely important to maintain good relations with almost all regions and governments in the world,” Lundmark said in an interview with the media on Friday. “We communicate with governments in different regions of the world, and it is just as usual for us.”
Lundmark said when he assumed the new CEO position last week, “What we have to do now is to preview the current plan and then formulate a new plan on how to develop it.”
“I already have some theories and ideas in my mind, but it’s too early to talk about these theories and ideas on the fifth day after taking office.”
But he said, “My goal is firm, with regard to’what should we do next in the market’, we can say something more specific before the end of the year.”
In 2015, Nokia announced the acquisition of rival Alcatel-Lucent (Alcatel-Lucent). On the day the acquisition was announced, Nokia’s stock price hit a high, but since then, the company’s stock price has fallen by 40%. This period is long and painful for Nokia shareholders. Since the beginning of March this year, shareholders have been waiting for Lundmark to take over the power of Nokia. Many shareholders expressed the hope that he can act quickly to reverse Nokia’s situation. Lundmark said he plans to hold an investor day event “in due course.” It is rare for Nokia to hold such an event. Since 2009, Nokia has only held two “Capital Market Days” events, and the last one was held in 2016.
“In terms of Nokia’s performance, we have experienced ups and downs, and the company has undergone fundamental changes.” Lundmark said,
“However, I am still cautiously optimistic about the current situation.”
Lundmark worked in Nokia’s network business unit for 10 years in the 1990s, and then worked elsewhere for 20 years. Before coming to Nokia this time, he was the CEO of Finnish energy company Fortum.
“This job is my dream,” he said when talking about taking up the position of Nokia’s new CEO. “This is definitely a homecoming for me.”
For more such interesting article like this, app/softwares, games, Gadget Reviews, comparisons, troubleshooting guides, listicles, and tips & tricks related to Windows, Android, iOS, and macOS, follow us on Google News, Facebook, Instagram, Twitter, YouTube, and Pinterest.