In Q2 2024, Nokia recorded an 18% decrease in net sales and an 8% decline in operating profit compared to the previous year. Despite these challenges, this quarter showed robust cash generation, yielding a free cash flow of EUR 394 million, supported by Nokia's ongoing normalization of its working capital position.

Read more: Nokia Looks Forward to Stronger Year-End Growth

Nokia announced a new partnership with Telecom Egypt to bring 5G technology to Egypt for the first time. The collaboration aims to revolutionize the country's telecom landscape by introducing the transformative power of 5G to cities including Alexandria, Aswan, Cairo, Giza, and Luxor.

Read more: Nokia Partners with Telecom Egypt to Launch Egypt's First 5G Network

InfraX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), has signed a Memorandum of Understanding (MoU) with Nokia, a B2B technology innovation leader. The agreement was signed by InfraX's Chief Operating Officer, Rashid Al Ahmedi and Rima Manna, Vice President of Network Infrastructure for Middle East and UAE Country Director at Nokia.

Read more: InfraX, Nokia Pool Expertise and Resources for Robust Network Solutions

In Q2, Börje Ekholm, President and CEO, Ericcson, said, “We remained focused on matters in our control to optimize our business amid a challenging market environment, with industry investment levels unsustainably low.”

Read more: Ericsson in Q2 2024: Taking Proactive Steps for Long-Term Business Success

Huawei has been named a leader in GlobalData’s H1 2024 5G market report, “5G RAN: Competitive Landscape Assessment.” This is the sixth consecutive year that Huawei has received this recognition since GlobalData began releasing this report in 2019, highlighting Huawei as a market leader in 5G RAN products and solutions.

Read more: Huawei Maintains Lead in the 5G RAN Race

Effective as of August, 1, 2024, Patrick Johansson will become a member of Ericsson's Executive Team (reporting to the CEO) as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. He will be based in Riyadh, Saudi Arabia.

Read more: Ericsson’s Patrick Johansson Steps in as SVP, New Head of Market Area MEA

Cloudbrink is spearheading the transformation of enterprise networking in a landscape where the need for resilient, flexible networking solutions that can adapt to the “work-from-anywhere” ethos has become extremely critical.

Read more: Cloudbrink: Delivering High-Performance Enterprise Networking through pSASE

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