Amwal Al Ghad English - 2013-11-16 08:59:15
Nokia Oyj (NOK1V), focusing on wireless equipment after the sale of its mobile-phone business, is aiming to accelerate market-share increases in the U.S., its networks chief said.
A contract last month from Sprint Corp., the third-largest U.S. carrier, shows Nokia’s strategy in the country is gaining traction, Rajeev Suri said in an interview. Nokia Solutions and Networks, the unit that will generate more than 90 percent of Nokia’s revenue after the disposal of the handset unit to Microsoft Corp., still trails Ericsson AB and Alcatel-Lucent SA in the world’s largest mobile-equipment market.It takes a long time to win in the U.S. -- now we have T-Mobile (TMUS), we have U.S. Cellular (USM) and now Sprint (S), so we are definitely making progress,” Suri, 46, said this week at NSN’s headquarters in Espoo, Finland. “A year ago we couldn’t anticipate that we would have gotten this break with Sprint.”
The U.S. is a crucial market for wireless-equipment makers, where carriers’ spending on building and servicing faster networks surpasses that of operators in regions such as Europe, Suri said. North America was the only region where NSN increased sales last quarter as it avoided less profitable deals elsewhere. More»