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Stock impact report

Nokia plunges to three-year low after losing major AT&T deal to rival Ericsson [MSNBC.com]

Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC) 
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am Check Earnings Report
US:NASDAQ Investor Relations: ericsson.com/en/investors
Company Research Source: MSNBC.com
Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures.Nurphoto | Nurphoto | Getty ImagesShares of Finland's Nokia plunged to a three-year-low, as the telecoms company lost out on a major deal to roll out a new telecoms network in the U.S. with industry juggernautAT&THelsinki-listedAT&T spend is set to be near $14 billion over its five-year contract with Ericsson, the companies said late Monday. The partnership covers the deployment of an open radio access network (Open RAN) in the U.S., which AT&T expects to use for 70% of its wireless network traffic by late 2026.The decision deals Nokia a significant blow through the loss of market share as a supplier to AT&T, which will see the replacement of existing Nokia equipment in several places.Nokia CEO Pekka Lundmark called the news "disappointing," but said that the company remained "fully committed" to Open RAN and had a strategy to diversify its business and improve profitability.The firm is a Show less Read more
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