Nokia bought in 2015 Alcatel and since then they restructured the Company.
Since Europe is concerned about Huawei and Security, Nokia could become more competitive in the Networking / Cloud / Infrastructure Market in the Next Years.
Upcoming Earnings should reflect the upside Potential since the last Earnings topped Expectations from multiple Analysts.
Disclaimer: Holding Positions into Nokia since 2020
Last Conference Call from 1/26/23 is available to Watch.