Tuesday, 22 May 2018

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…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry