Nokia to quit Russian market

Nokia withdrew from Russia, following rival Ericsson's exit, leaving a vacuum of 4G and 5G deployment. — AFP

Nokia will pull out of the Russian market, the Finnish telecoms provider said on Tuesday, a day after rival Ericsson decided to suspend its activities in the country indefinitely.

Hundreds of mainly Western companies have announced the suspension of their activities or their departure from Russia since the invasion of Ukraine on Feb 24 and the severe sanctions against Moscow.