Nokia Delayed on 5G Release

CBJ — Nokia Chief Executive Rajeev Suri admits his company has been a little slower than expected in launching its 5G technology, citing merging its own technology plans with those of acquired Alcatel-Lucent as a primary reason.

Nokia last month reported a surprise quarterly loss after it failed to supply 5G telecoms equipment in time.

“We are late in 5G by a few weeks to a couple of months,” Suri told Nokia’s annual shareholder meeting.