(Reuters) -Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as the Finnish telecoms equipment maker strives to simplify its business and boost annual core profit by as much as 60% over the next three years.

From 2026, the company plans to reorganise into two main segments – network infrastructure and mobile infrastructure – to accelerate development of AI and 6G networks, it said in a statement.

It is now aiming for annual comparable operating profit of between 2.7 billion euros and 3.2 billion euros ($3.12 billion and $3.7 billion) by 2028, up as much as 60% from 2 billion euros in the last year.

Nokia has been struggling with a slowdown in 5G investments and decided to boost its AI capabilities earlier this year by acquiring U.S. optical networking gear p

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