Speaking at a news convention in advance of the Mobile World Congress in Barcelona, Suri additionally anticipated a new wave of enterprise consolidation amongst telecom operators inside the US and Indian markets inside the direction of 2017.
"Noise about provider M&A will warmness up dramatically in United States and India. The pent-up call for for movement is there," Suri said.
Nokia and its rivals, Sweden's Ericsson and China's Huawei, have struggled these days as telecom operators' demand for quicker 4G mobile broadband equipment has peaked, and upgrades to next-technology 5G device are nonetheless years away.
Nokia repeated that at the same time as it anticipated the worldwide networks marketplace to fall round 2% in 2017, it noticed increase opportunities in markets such as North America, India and Japan.
"We consider that the (usual) number one market wherein we compete can be down again... However to be considerably higher than final 12 months," Suri stated, looking ahead to a slower fee of decline.
"Investments in 4G, mainly in superior 4G generation, will pick out returned up in a few key markets, inclusive of Japan."
Earlier this month, Nokia pronounced its income for the final quarter of ultimate 12 months fell much less than anticipated, helped via cost cuts and the purchase of Alcatel-Lucent.
The Finnish corporation has reached a "landmark", three-yr deal with Telefonica to build networks in London, Suri said on Feb 26, including that the settlement propels Nokia to conquer Ericsson as the leading network supplier in Britain.
Nokia also announced that it turned into working with US telecoms provider Verizon and semiconductor giant Intel to supply system for pre-commercial 5G offerings in US markets, such as Dallas.
Suntrust analyst Georgios Kyriakopoulos suggested that worldwide weakness in operator spending will likely continue to be for a long time and that projected consolidation will probable serve as a further drag on results for gadget carriers such as Nokia.
"The fact Suri expected greater M&A in that space means Nokia's center commercial enterprise faces a few demanding situations, he stated.
AT&T is looking for regulatory popularity of its US$85.4bil (RM378.96bil) acquisition of media large Time Warner.
Meanwhile, Japan's SoftBank Group Corp is ready to cede control of Sprint Corp to Deutsche Telekom AG's T-Mobile US Inc to clinch a merger of the two US cellular companies, assets advised Reuters earlier this month. — Reuters
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