The company is focused on growth in networks and corporate business.
Nokia Oyj, a Finnish manufacturer of 5G technology, has updated its emblem to distance itself from the mobile phone industry, which it exited almost ten years ago.
Pekka Lundmark, the company’s CEO, stated, “We aim to develop a new brand that places a major emphasis on industrial digitalization networks, which are fundamentally different from legacy mobile phones.
Nokia is accelerating the growth of its business by selling private 5G networks to companies.
Together with the brand refresh, a new set of strategic initiatives is being implemented to accelerate growth as more and more people across the globe use fifth-generation mobile technology.
After more than ten years in junk status, Nokia just regained its BBB investment grade rating from S&P Global Ratings.
Lundmark thinks there is still a lot of work to be done, particularly about the operating profit of the business. “We are still unsatisfied with where we are,” he remarked.