Nokia CEO Fights Stalling Market to Rebuild Wireless Pioneer
This article is for subscribers only.
Rajeev Suri, the Nokia Oyj insider responsible for reviving the Finnish company, has plenty of cash, lower costs, and no need to worry about an unprofitable phone business that’s now part of Microsoft Corp. The challenge: sales are still plunging.
Nokia’s newly appointed chief executive officer will lead a wireless-industry pioneer now getting almost all of its revenue from network equipment used by mobile carriers. The market is stalling as clients have largely completed upgrades to faster systems while competition from Chinese rivals weighs on prices.