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Nokia: What Lies Ahead?

After the sale of its handset business, the spotlight shifts to Nokia Solutions Networks, or NSN, which is expected to contribute around 90% of Nokia’s (NOK) total revenue. In the third quarter results, NSN net sales declined 26% year over year, while operating profit was down by 9%. The loss was mainly due to reduced infrastructure deployment and competition from other network infrastructure providers such as Huawei and Ericsson for LTE deployment worldwide.

NSN recently received one third of the Sprint (S) LTE deployment contract, while Alcatel-Lucent (ALU) and Samsung were allocated the remaining two thirds of the contract. Earlier, Sprint acquired Clearwire’s (CLWR) 2.5 GHZ radio spectrum, and as a part of the acquisition, the U.S. Government has instructed it to remove Huawei’s equipment from Clearwire’s network by 2015. This deal is significant

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