Published 9 hours ago

Nokia targets datacentres as telecoms market continues decline - Mobile Europe

Summary by Mobile Europe

The Finnish vendor’s earning report was worse than expected, but not as bad as last time as it gears up for other sectors For Q3, Nokia reported a 9% rise in its Q3 operating profit, although this was in part due to cutting costs to the tune of about €500 million gross. Its net sales were below expectations by 8%, falling to €4.27 billion in the quarter. Market expectations for the quarter were €4.76 billion. Nokia’s CEO, Pekka Lundmark, had for…

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Nokia targets datacentres as telecoms market continues decline - Mobile Europe

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