Ericsson and Nokia halt Russia business. Is Huawei next?
London
CNN Business
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Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks.
The Finnish telecom company announced on Tuesday that staying in Russia would “not be possible” given President Vladimir Putin’s ongoing assault on Ukraine.
“Over the last weeks we have suspended deliveries, stopped new business and are moving our limited R&D activities out of Russia,” Nokia said in a statement. “We can now announce we will exit the Russian market.”
That leaves China’s Huawei as the only top 3 global provider of 5G networks still active in the country.
Western governments have imposed several rounds of punishing sanctions on Russia since the invasion,…
