Can Nokia make Finland a leading technology country again?
Quick Look
- Nokia's stock has risen more than 80 percent in the past year driven by investments in AI infrastructure.
- The company also begins a collaboration with ICEYE to develop a state-owned satellite system that challenges Elon Musk's Starlink.
AI-generated summary
Why It Matters
Nokia has reoriented its business towards infrastructure and data transmission after the mobile phone era.
Nokia's stock has risen by over 80 percent in the past year. The company is currently riding the wave of the AI boom by investing in infrastructure and data transmission for data centers in particular.
- The AI boom is huge and values are rising very quickly around the world. Nokia has a strong position in this infrastructure, but it is invisible. It doesn't sell stories the way cell phones did. It's not as sexy, says Carl-Gustav Lindén, who has written a book about what Nokia's success has meant for Finland.
New satellite project challenges Elon Musk
Nokia has also recently started an extensive collaboration with the company ICEYE. The goal is to develop a communications satellite system that can challenge Elon Musk's Starlink system.
- The idea is to create a system that is owned by states and is public, instead of being owned by a private person. Starlink works on the principle that Elon Musk decides what suits him at any given time. Here, they want to create a system that is under the supervision of the authorities, says Lindén.
Can Nokia's new successes once again strengthen Finland's international reputation as a technology country? See Carl-Gustav Lindén's assessment in the video.
Open Questions
- When will the new satellite system be launched?
- Which states are participating in the new satellite project?
