Double Standards: Nokia Profit Grows Amid EU Infrastructure Crisis

Europe’s infrastructure paradox has been laid bare in financial reports. On April 23, 2026, Nokia published its Q1 data: a sharp revenue increase in the AI & Cloud segment was recorded. The telecom giant openly admits that AI has become the main driver of its B2B sales.

However, on the same day, Nokia CEO Justin Hotard issued a stark warning: Europe is falling catastrophically behind the US and China in building data centers. The issue is a systemic shortage of power capacity, real estate, and high-speed connectivity. The picture is crystal clear: European corporations are aggressively buying up cloud AI solutions (which drives Nokia’s revenue), but physically, these capacities are deployed outside the EU. Without immediate investments in hardware and power grids, Europe’s technological sovereignty will remain just a line in press releases.

Source: Nokia / Reuters