Nokia Oyj

NOKIA: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Nokia: Competition in the Core RAN Business Is Increasing

Samuel Siampaus

Jan 9, 2025

After a fresh review of the business, we've reduced our fair value estimate for Nokia to EUR 5.00 from EUR 5.50 to account for increasing competition in the telecom equipment market.

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Nokia Oyj

Nokia: Competition in the Core RAN Business Is Increasing

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