Nokia cutbacks no threat to NZ 5G rollout

Nokia cutbacks no threat to NZ 5G rollout
The future is mobile. (Image: Depositphotos)
Paul McBeth
New Zealand’s two biggest mobile carriers don’t expect sharp cuts at one of their network builders will slow their respective rollouts of 5G infrastructure. Finnish telecommunications giant Nokia this month revealed plans to strip out as much as €1.2 billion (NZ$2.2b) of annual costs over the next three years, laying off as many as 14,000 people of its 86,000-strong workforce to do so. The company said the cuts would primarily be in mobile networks, cloud and network services, and the firm’s corporate funct...

More Infrastructure

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
The 'little thing' Infratil brings to its investments
Infrastructure

The 'little thing' Infratil brings to its investments

CEOs may not like it, but the returns are undeniable.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

Oliver Lewis 16 Sep 2025
150 years of infrastructure spending going ‘boom’
Infrastructure

150 years of infrastructure spending going ‘boom’

We actually spend a lot more on infrastructure than you might think.