Monday, 24 July 2017

Nokia raises Networks guidance despite Q3 revenue slip

By Nick Wood, Total Telecom
Thursday 29 October 15

Finnish kit maker announces €7 billion capital restructure; brings forward €900 million synergy target by a year.

Nokia on Thursday raised its guidance for its Networks division, despite reporting a slight decline in third quarter revenue. "Even if I am not pleased with the overall sales development, our strong profitability is testament to the strength of our operating model," said Nokia CEO Rajeev Suri, in a statement. In the three months to 30 September, Nokia's Networks arm generated revenue of &euro…

Nokia on Thursday raised its guidance for its Networks division, despite reporting a slight decline in third quarter revenue. "Even if I am not pleased with the overall sales development, our strong profitability is testament to the strength of our operating model," said Nokia CEO Rajeev Suri, in a statement. In the three months to 30 September, Nokia's Networks arm generated revenue of &euro…

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