You are here: Home » International » News » Companies
Business Standard

Nokia beats forecasts but lowers networks outlook

Nokia has been outpacing rival Ericsson due to its 2016 acquisition of rival Alcatel-Lucent

Reuters 

Nokia
A Nokia logo is seen at the company's headquarters in Espoo, Finland

reported larger than expected quarterly profits on Thursday thanks to a patent deal with Apple and improving profitability at its network business, but warned its key market would slow. Network gear vendors have struggled amid weak demand from telecom operators, but has been outpacing rival Ericsson due to its 2016 acquisition of Franco-American rival               

First Published: Fri, July 28 2017. 02:48 IST
RECOMMENDED FOR YOU