Nokia Partners With Google to Build Cloud-Based 5G Network

While Nokia will bring its 5G expertise, Google Cloud will serve as the platform for launching applications and assist customers.

Advertisement
By Reuters | Updated: 15 January 2021 10:25 IST
Highlights
  • Microsoft and Amazon are also tying up with telecoms vendors
  • Nokia cut 2020 operating margin forecast to 9 percent from 9.5 percent
  • Nokia is likely to find raising operating margins challenging

In October last year, Nokia chief executive Pekka Lundmark overhauled the Finnish company's 5G strategy

Nokia on Thursday partnered with Alphabet's Google Cloud unit to build 5G core network infrastructure and allow business customers to offer services such as smart retail and automated manufacturing.

Cloud computing units of big technology companies such as Microsoft and Amazon are also tying up with telecoms vendors ahead of deployment of 5G infrastructure to corner a share in new businesses the new technology might enable.

Advertisement

While Nokia will bring its 5G expertise, Google Cloud will serve as the platform for launching applications and assist customers in building an ecosystem of services.

"We will start to see some of these things to get in the live environment by end of this year," Amol Phadke, Managing Director at Google Cloud told Reuters.

He added that the timeline for the availability of the services would depend on telecom operators.

Advertisement

In October last year, Nokia chief executive Pekka Lundmark overhauled the Finnish company's 5G strategy. Announcing a new strategy under which the company will have four business groups, Lundmark said Nokia would "do whatever it takes" to take the lead in 5G where it lags Swedish rival Ericsson and Chinese group Huawei.

"We expect to stabilise our financial performance in 2021 and deliver progressive improvement towards our long-term goal after that," Lundmark said in a statement.

Advertisement

The company also cut its 2020 operating margin forecast to 9 percent from 9.5 percent and for 2021 expects operating margin of 7-10 percent.

JP Morgan analysts said higher research and development spending was likely to drive the margins lower than the consensus expectations of 10.9 percent for 2021. "Nokia is likely to find raising operating margins challenging due to its relatively low market share, Liberum analysts said in a note.

Advertisement

© Thomson Reuters 2020


What will be the most exciting tech launch of 2021? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Affiliate links may be automatically generated - see our ethics statement for details.
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Nokia, Google Cloud
Advertisement

Related Stories

Popular Mobile Brands
  1. Nothing Phone 4b Teaser Suggests the Phone Could Launch in India Very Soon
  2. HMD Luma 2 Design, Key Specifications Revealed in New Leak
  3. Oppo Reno 16 Series to Launch in India Soon Alongside These Accessories
  1. HMD Luma 2 Design Revealed via Leaked Renders; Tipped to Feature 6,000mAh Battery, 6.75-Inch Display
  2. OnePlus 15s Unlikely to Launch in India, OnePlus 16 Debut Remains Uncertain, Tipster Claims
  3. Sony Reportedly Removes PC Ports Reference from Business Report Filed to SEC Amidst Shift to PS5 Exclusives
  4. Nothing Phone 4b Design Teased, Microsite Hints at Imminent Launch in India
  5. Samsung Galaxy Watch 9, Watch Ultra 2 Leak Shows New Design, Colours and Features
  6. Oppo Reno 16 Series India Launch Teased; Could Arrive Alongside Oppo Bubble Accessory and New Enco Series Headset
  7. Samsung Galaxy S26 FE Korean Variant Spotted on Geekbench With Exynos 2500 SoC, 8GB RAM
  8. Apple’s Future Product Roadmap to Reportedly Include Foldable iPhone, AI Glasses, and Camera AirPods
  9. JWST Reveals Salt Clouds in the Atmosphere of the ‘Pink Planet’ GJ 504b
  10. The East Palace 2026 OTT Release Date: When and Where to Watch it Online?
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.