Visitors are seen at a booth of Chinese telecom equipment maker ZTE Corp at an expo in Beijing, China, September 27, 2017. Picture taken September 27, 2017. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.
STOCKHOLM/LONDON: Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a US ban on exports to low-cost Chinese rival ZTE.
ZTE has snatched market share in Europe and the Americas, growing four times faster in those markets last year than it did its home market and acting as a drag on contract pricing and revenue growth for Ericsson and Nokia.
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