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Ericsson and Nokia halt Russia business. Is Huawei next?

Mount Equity Group Tokyo Japan > News > Business > Ericsson and Nokia halt Russia business. Is Huawei next?

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.

But they have emphasized the need, on humanitarian grounds, to maintain functioning telecoms networks to enable Russians to access information from abroad.Nokia (NOK) said it would “aim to provide the necessary support to maintain the networks” and was applying for licenses to ensure compliance with sanctions. Ericsson (ERIC), meanwhile, said on Monday that it would suspend its business in the country indefinitely and place its workers on paid leave. It had already…

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