Core Insights - Nokia is announcing a new strategy to lead in the AI-driven transformation of networks and capture the value of the AI supercycle [1][2] - The company aims to grow its annual comparable operating profit to a range of EUR 2.7 to 3.2 billion by 2028, up from EUR 2.0 billion generated in the last 12 months [1][12] Strategic Priorities - The new strategy will focus on five strategic priorities: accelerate growth in AI & Cloud, lead the next era of mobile connectivity with AI-native networks and 6G, grow by co-innovating with customers and partners, focus capital where Nokia can differentiate, and unlock sustainable returns [3][8] Organizational Changes - Nokia will reorganize its business into two primary operating segments: Network Infrastructure and Mobile Infrastructure, effective January 1, 2026 [4][6] - The Network Infrastructure segment will focus on growth opportunities in AI and data center build-out, while the Mobile Infrastructure segment will lead in core and radio network technology [5][6] Leadership Team Adjustments - Changes in the leadership team include Raghav Sahgal as Chief Customer Officer and Patrik Hammarén as President of Technology Standards, effective January 1, 2026 [7] Portfolio Management - Several non-core units will be moved into a new segment called Portfolio Businesses for further assessment, which generated net sales of approximately EUR 0.9 billion with an operating loss of EUR 0.1 billion in the past twelve months [9][10] Financial Targets and KPIs - Nokia's new long-term financial target includes achieving a comparable operating profit of EUR 2.7 to 3.2 billion by 2028, with a focus on different strategic KPIs to illustrate expected outcomes [12][13] - The company targets a net sales CAGR of 6-8% in Network Infrastructure during 2025-2028 and aims for an operating margin of 13% to 17% by 2028 [17]