The Bank of Åland notes that the consulting firm Dell'Oro in a report estimates that the market for radio base stations (RAN) will continue to improve in 2025. Dell'Oro sees an increase of 5-10 percent after two years of declines, excluding China.

Ålandsbanken sees this as positive for both Ericsson and Nokia where "the estimates assume lower sales improvements (~5 percent) in 2025". Ericsson bases its forward-looking outlook on Dell'Oro's reports.

Ericsson is up 0.8 percent on the stock exchange, while Nokia is up 0.5 percent.