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Ericsson and Nokia feel squeeze of interest rates hikes
Ericsson and Nokia feel squeeze of interest rates hikes
Business and Economy
by  AFP

Interest rate hikes are forcing mobile operators to scale back investment in 5G networks, with equipment manufacturer Ericsson reporting Friday a rare net quarterly loss and Nokia lowering its outlook. Network equipment makers feel the pain when mobile phone operators scale back investment in 5G networks, with Ericsson reporting Friday a rare quarterly net loss and Nokia lowering its outlook.