Nokia CEO Refutes Claims It's Losing Market Share to Arch Rival

Nokia Oyj Chief Executive Rajeev Suri set out Thursday to dispel any notion that his company is losing market shares to its main rival, Sweden’s Ericsson AB.

On a conference call after the Finnish company announced second-quarter earnings, Suri said Nokia is winning more business from Ericsson than the other way around, in a rare public comment on the competitor on the other side of the Baltic Sea.