Nokia CEO says ZTE U.S. export ban could help it longer-term

Image
Reuters HELSINKI/LONDON
Last Updated : Apr 26 2018 | 1:36 PM IST

HELSINKI/LONDON (Reuters) - A U.S. ban on exports to China's ZTE over alleged Iran sanctions violations could play to the long-term advantage of rival network equipment supplier Nokia, the Finnish company's chief executive said on Thursday.

"It is too early to tell what the impact might be from ZTE," Rajeev Suri said in response to a journalist's question on a conference call following Nokia's quarterly report regarding ZTE's standoff with U.S. authorities.

"Longer term there might be opportunities particularly in the areas of mobile ... and optics," he said, referring to big business segments in which both compete, namely wireless network infrastructure and fixed-line optical gear to haul data traffic.

(Reporting by Eric Auchard; Editing by Mark Potter)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 26 2018 | 1:32 PM IST

Next Story