Bloomberg – Future Holds Lean Times, Maybe IT Mergers for Nokia, Ericsson

Nokia Oyj and Ericsson AB need to get used to lean times as their phone carrier customers hold back on network investments while next-generation 5G wireless technology offers scant hope of a material spending boost, according to industry consultant Bengt Nordstrom.

“Operator revenue trends are flat or negative, while many forecasters are still too optimistic,” Nordstrom, chief executive officer of Stockholm-based Northstream AB, said in an interview in London. “The industry overall has a very hard time accepting that basic fact.”

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CNBC - Global telecom market needs to consolidate: Northstream CEO

Northstream CEO Bengt Nordstrom discusses the current state of the telecoms market and regulation in the sector, while commenting on Vodafone. Watch video
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