Thursday, 24 August 2017

Nokia posts loss in Q1 2016 as sales decline

By Total Telecom staff
Tuesday 10 May 16

Sales from networks business fall 8% due to 'challenging environment' in mobile networks.

Nokia reported a loss of €513 million in the first quarter of 2016 amid declining sales that also failed to meet analyst estimates. The Q1 results are the company’s first set of unified figures after it bought Alcatel-Lucent for €15.6 billion earlier this year. Bloomberg reported that the results have largely disappointed investors…

Nokia reported a loss of €513 million in the first quarter of 2016 amid declining sales that also failed to meet analyst estimates. The Q1 results are the company’s first set of unified figures after it bought Alcatel-Lucent for €15.6 billion earlier this year. Bloomberg reported that the results have largely disappointed investors…

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