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AT&T’s Judgement Day: Nokia’s 3-Year Low and Ericsson’s Victorious Deal

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Day 1 - Mobile World Congress 2022

David Ramos

Nokia’s stock (NYSE:NOK) reached a low not seen in 3.5 years, while Ericsson (NASDAQ:ERIC) soared 5.5% to hit a six-month high. The catalyst for this polarizing movement was Ericsson’s securing of a $14B contract with AT&T (NYSE:T) to overhaul its wireless network, effectively snatching the deal away from Nokia.

This outcome led to Nokia (NOKT

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