Nokia to launch cloud-based software subscription service

FILE PHOTO: A cyclist rides past a Nokia logo during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman

STOCKHOLM (Reuters) - Nokia said on Wednesday it plans to launch a cloud-based software subscription service targeting telecom companies for providing software around analytics, security and data management.

Many technology companies have been moving toward a subscription model from upfront licensing to build a predictable, recurring business.