Nokia bets on AI with new strategy, targets up to 60% profit rise


Finnish technology and telecommunication company Nokia's headquarters in Espoo, Finland, October 28, 2025. Lehtikuva/Seppo Samuli via REUTERS

(Reuters) -Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as it strives to simplify its business and boost annual core profit by as much as 60% over the next three years.

Beginning in 2026, the Finnish telecoms equipment maker intends to reorganize into two primary businesses: network infrastructure, dedicated to AI and data centres, and mobile infrastructure, focused on core telecoms activities.

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