London (CNN Business) The US campaign against China's Huawei has been "net positive" for rival telecommunications equipment maker Nokia.

That's according to Tommi Uitto, president of mobile networks at the Finnish company.

Uitto told CNN Business in an interview Thursday that the political situation has opened the door for Nokia to grab market share. Nokia has signed 43 commercial 5G deals around the world, while Huawei has notched 50

"There are some countries that have banned Chinese competitors, and of course that creates an opportunity for us," Uitto said.

Analysts say Nokia had signed about 30 contracts at the end of March, indicating that recently it's been winning more new 5G customers than Huawei, which had announced 40 at that point.

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