Nokia hopes for slice of 5G pie on Huawei's home turf

Finnish company suffers negative impact of U.S.-China tensions

Chinese telco 5G 20200601171539530_Data.jpg

China Mobile promotes its 5G services at the World Internet Conference in Zhejiang province last October. China has invested huge amounts in 5G infrastructure.

MINORU SATAKE, Nikkei staff writer

LONDON -- Finnish telecommunications equipment maker Nokia is stepping up efforts to expand its market share in China where it has struggled to secure a foothold.

Despite years of operation, Nokia has not managed to crack the Chinese market and it now hopes a new CEO, Pekka Lundmark, will push the company's plans forward in one of the largest, and yet most competitive, markets in the world.

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