BofA sees Starlink buildout as positive for Nokia and Ericsson shares
Bank of America maintains Buy rating on Nokia (NOK) and Underperform on Ericsson (ERIC) due to Starlink's U.S. cell site buildout. Nokia's Q3 results beat estimates with $5.83B revenue and $0.102 EPS. NOK's market cap is $49.6B, P/E 56.68, and YTD return 34.9%. Analysts note potential RAN equipment market implications and Nokia's strategic collaborations.


