5G can’t come soon enough for Nokia as shares plunge on weak 2018 outlook

Revenues might be down, losses widening and customer appetites weak, but Nokia CEO Rajeev Suri stands tall as the eye is set firmly onto the 5G horizon.
Looking at the quarterly revenues, it is pretty tough reading. Net sales declined by 7% year-on-year to €5.537 billion for the quarter, with the core networks business dropping 9% to €4.823 billion. The poster child of the networks team, Ultra Broadband Networks took the biggest of the blows with a year-on-year decline of 17% to €