Nokia shares fall 18% after CEO's 'will invest whatever it takes on 5G' remark
Finnish telecom equipment maker Nokia's shares fell almost 18% after CEO Pekka Lundmark said Nokia will "invest whatever it takes to win in 5G". The company on Thursday cut its full-year profit and margin forecasts. "We expect to stabilise our financial performance in 2021 and deliver progressive improvement towards our long-term goal after that," Lundmark said.