Nokia delivered a solid third quarter, with positive free cash flow, widespread sales growth, solid operating margin, strong performances in Nokia Enterprise, Nokia Software and IP Routing and good progress towards meeting their 2019 cost reduction goals.

Read more: Nokia Corporation releases Q3 2019 financial results, highlighting dedication to 5G development

By Tala Issa

Nokia and Innventure, which commercializes innovative technologies, have established a relationship designed to accelerate commercialization of disruptive Nokia Bell Labs satellite communications technology and intellectual property in areas beyond Nokia core businesses. The collaboration with Innventure will be led by Nokia Technologies, the company's licensing arm.

Read more: Nokia partners with Innventure to innovate and scale disruptive technologies

Nokia today introduced the 1830 Time-sensitive Packet Switch (TPS) family of time-sensitive networking (TSN) switches, which reduce the cost and complexity of Cloud RAN deployments by enabling packet-based transport for mobile fronthaul. The new family of switches transparently supports a mix of existing and new radio interface protocols, unifying mobile transport for 4G and 5G networks.

Read more: Nokia introduces packet-optical switches to evolve Cloud RAN

Ericsson published its financial results for Q3 2019, reporting 3% percent growth in sales. Total sales were SEK 57.1 billion(b)., equivalent to AED 21.5 b. Sales adjusted for comparable units and currency increased by 3% driven by strong growth in North America and North East Asia.

Read more: Börje Ekholm reaffirms commitment to Ericsson's focus strategy as financial results announced

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