reuters : Nokia hit by weak wireless market, says awaiting merger benefits: 2016-10-29





Nokia hit by weak wireless market, says awaiting merger benefits


Nokia hit by weak wireless market, says awaiting merger benefits
A photo illustration of a man silhouetted against a nokia/" target="_blank">nokia/" target="_blank">Nokia logo in the central Bosnian town of Zenica January 23, 2014.REUTERS/Dado Ruvic/File PhotoHELSINKI Finnish telecoms equipment group Nokia (NOKIA.HE) reported a sharp drop in third-quarter earnings on Thursday, suffering from weaker sales in the wireless network market and warning that the market was likely to shrink further in the coming year.Its share price fell 7 percent on the news to its lowest level in three years, despite analysts saying that Nokia is now better placed than Ericsson (ERICb.ST) to ride out the downturn in the mobile network market following its acquisition in January of broader-based rival Alcatel-Lucent.


Nokia hit by weak wireless market, says awaiting merger benefits


Nokia hit by weak wireless market, says awaiting merger benefits
By Jussi Rosendahl and Tuomas ForsellHELSINKI (Reuters) - Finnish telecoms equipment group nokia/" target="_blank">nokia/" target="_blank">Nokia reported a sharp drop in third-quarter earnings on Thursday, suffering from weaker sales in the wireless network market and warning that the market was likely to shrink further in the coming year.Its share price fell 7 percent on the news to its lowest level in three years, despite analysts saying that Nokia is now better placed than Ericsson to ride out the downturn in the mobile network market following its acquisition in January of broader-based rival Alcatel-Lucent.Ericsson earlier this month reported a more than 90 percent plunge in third-quarter profits and replaced its chief executive.


Nokia hit by weak wireless market, says awaiting merger benefits


Nokia hit by weak wireless market, says awaiting merger benefits
A photo illustration of a man silhouetted against a nokia/" target="_blank">nokia/" target="_blank">Nokia logo in the central Bosnian town of Zenica January 23, 2014.REUTERS/Dado Ruvic/File PhotoHELSINKI Finnish telecoms equipment group Nokia (NOKIA.HE) reported a sharp drop in third-quarter earnings on Thursday, suffering from weaker sales in the wireless network market and warning that the market was likely to shrink further in the coming year.Its share price fell 7 percent on the news to its lowest level in three years, despite analysts saying that Nokia is now better placed than Ericsson (ERICb.ST) to ride out the downturn in the mobile network market following its acquisition in January of broader-based rival Alcatel-Lucent.


Comments

Post a Comment