The CapEx is the big question between now and 5G deployments.  That said, Service Providers are continuing to alleviate the congestion by deploying more Cells in congested Networks.  They are even deploying a small Cell technology called Femto Cell right at the business premise. This of course is not a big revenue opportunity, it is just sustaining revenue for the Mobile segment.

Rajeev Suri obviously saw all this coming and had been insistent to buy ALU.  Michel Combes had resisted. Mainly because ALU had been in an even worse negotiating position before it finally agreed to the merger. 

In sharp contrast, Ericson chose to not seek any acquisitions, I do wonder why.  IMO, the Routing and Switching segment will bring growth to Nokia, whereas Ericson has two to four years of revenue stagnation.  I firmly believe Ericson made a mistake, it could have acquired ALU and leave NOK far behind.  ALU became number two in switching in the past three years, this, even while it was still mired in a financial mess, that says a lot about their IP division in my opinion.