Reported 6 months ago
Nokia is set to supply 5G radio equipment to Portuguese telecoms operator MEO, replacing Huawei in certain key markets. The contract is pending signing and may be announced next month, with MEO being one of Portugal's major mobile operators. Nokia's entry into Portugal's RAN market signifies a return and competition with Huawei, which had a 100% market share in 2G/3G/4G equipment. The global RAN market is expected to decline in 2024, impacting Nokia and Ericsson, while Huawei still maintains a significant presence despite security concerns in some countries.
Source: YAHOO