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Nokia takes a hit as Samsung secures Verizon 5G deal

Finnish telecom firm Nokia (NOKIA.HE) has suffered a setback after a source close to the matter confirmed it had lost out to Samsung Electronics (005930.KS) on a part of the contract to supply new 5G equipment to Verizon (VZ.N) in the United States.

Samsung unveils Galaxy Z Fold 2

At the Unpacked event, 2020 Samsung unveiled five new products including its next-generation foldable smartphone dubbed Galaxy Z Fold 2.

UK bans China's Huawei from 5G networks

The UK's mobile providers are being banned from buying new Huawei 5G equipment after 31 December, and they must also remove all the Chinese firm's 5G kit from their networks by 2027.