Finnish telecom company Nokia Corp will focus on further the company’s enterprise business opportunities in China. The aim is to help local companies accelerate industrial digitalization, a senior executive said.
This comes after Nokia’s global net sales for its enterprise business grew 62% year-on-year in the first quarter. This was by leveraging digital technologies to help a wide range of sectors boost efficiency.
“We’ve come to the end of the 5G spending cycle. To grow the business, the enterprise is the answer,” Chris Johnson, senior vice-president and global head of enterprise at Nokia, said.
“The partnership in China is super important. We’ve got a very historic business here, going back 10 years or more. China has really big growth potential for us,” Johnson added.
He said Nokia installed a data center in China in the second half of last year. This is the center of the company’s new product “Nokia Digital Automated Cloud.”
“This is a big opportunity for us in China, and we have a big target for the China market,” Johnson said, without disclosing details.
The executive added that Nokia will focus on international customers that have industrial facilities in China.
Source: China Daily