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Nokia plans to axe 14,000 jobs after soft Q3

Nokia reported a 20% drop in third-quarter sales due to plummeting 5G equipment demand This week, Nokia revealed plans to cut 14,000 jobs — about 16% of its workforce — worldwide as part of broader cost reduction efforts, stemming from a poor third quarter. Specifically, Nokia...

China threatens reprisals if Canada bans Huawei from 5G contracts

  The Canadian government is currently carrying out a security review of 5G technology China’s ambassador to Canada, Lu Shaye, said that Canada would face consequences if it prevents Canadian telecom firms from using equipment from Chinese vendor Huawei for the deployment of 5G networks, according...

Huawei declines to bid for 5G core networks in New Zealand: Report

  The Chinese vendor said it will only participate in tender process for the provision of 5G RAN   Chinese vendor Huawei will not take part in the bidding process to build core 5G networks in New Zealand, local press reported Huawei New Zealand’s deputy CEO, Andrew...

No need to ban Huawei in 5G contracts, Canada’s top cyber official says

  The expert highlighted Canada has a high level of security systems to prevent potential spying or hacking from China The Canadian government is not considering a ban on the use of equipment provided by Chinese vendor Huawei, The Globe and Mail reported, citing a top government...