Nokia said it now expects to grow its annual comparable operating profit to a range of €2.7 billion to €3.2 billion by 2028.
Nokia (NOK) announced on Wednesday that it was simplifying its operational model into two primary operating segments: Network Infrastructure and Mobile Infrastructure.
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The company, which is holding its Capital Markets Day 2025, said that changes to its operating segments and strategies are intended to position it to lead the AI-driven transformation of networks and capture the value of the “AI supercycle.”
Shares of Nokia fell nearly 4% in premarket trading. Nokia said it now expects to grow its annual comparable operating profit to a range of €2.7 billion ($3.13 billion) to €3.2 billion by 2028.
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