Sunday, 04 December 2016

Nokia warns of China slowdown as Q4 profit jumps

By Nick Wood, Total Telecom
Thursday 11 February 16

Vendor says it is too soon after the Alcatel-Lucent deal to provide 2016 revenue guidance.

Nokia on Thursday reported solid growth in fourth-quarter revenue and earnings but warned that it expects a slowdown in mobile network spending in 2016. "While the competitive environment in Networks remained generally stable in the fourth quarter, we do expect some market headwinds in 2016 as 4G/LTE rollouts in China and some other markets start to slow," said Nokia CEO Rajeev Suri, in a statement. "The first quarter…

Nokia on Thursday reported solid growth in fourth-quarter revenue and earnings but warned that it expects a slowdown in mobile network spending in 2016. "While the competitive environment in Networks remained generally stable in the fourth quarter, we do expect some market headwinds in 2016 as 4G/LTE rollouts in China and some other markets start to slow," said Nokia CEO Rajeev Suri, in a statement. "The first quarter…

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