Nokia CEO sees possible benefits from Huawei tensions

HELSINKI: Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a U.S. clampdown on Chinese rival Huawei as the race to roll out 5G services heats up.

Asked about the regulatory problems facing Huawei, he told investors: “Perhaps there is long term opportunity but more than that, it’s hard to say at this point.”

Analysts expect Nokia and its Swedish peer Ericsson to benefit from tensions between the United States and Huawei, the largest supplier of mobile network technology.