nokia reports another loss as networks sag
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Nokia reports another loss as networks sag

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Nokia reports another loss as networks sag

Finland's telecoms giant Nokia has posted a loss of 488 million euros
Helsinki - AFP

Finland's telecoms giant Nokia reported Thursday that it remained deep in the red at the start of the year, with sales in its main business, networks, on the decline.

The company posted a loss of 488 million euros ($532 million) in the first quarter, an improvement from the 609 million euros a year earlier, prompting chief executive Rajeev Suri to say he believed in an "improving business momentum, even if some challenges remain".

But while the company's overall sales declined by two percent to 5.38 billion euros, sales in its core networks business fell by six percent, to 4.9 billion euros.

"We saw encouraging signs of stablisation in mobile networks," Suri told reporters in a conference call.

The company is eyeing business opportunities offered by the "path to 5G roadmap", Suri said, referring to the worldwide roll-out of the lightening-fast 5G mobile internet service that operators expect to begin by 2020.

Once the world's number one handset maker, Nokia transformed itself into a network equipment company and bought its hugely unprofitable French-American rival Alcatel-Lucent a year ago, resulting in the whole group's results to plunge into the red in 2016.

The firm recorded a net loss of 766 million euros last year, which Suri said in a statement was a "year of transition."

But in fact the company has been going through a process of radical transformation for several years now.

In 2013, it bought 50 percent of its network activities from Germany's Siemens, and the following year it pulled out of mobile phones.

It sold its mapping unit Here in 2015 and completed the deal late last year to buy Alcatel-Lucent, which had only recorded one year of annual profit since its inception in 2006.

Nokia was the world's top mobile phone maker between 1998 and 2011 but was overtaken by South Korean rival Samsung after failing to respond to the rapid rise of smartphones.

source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nokia reports another loss as networks sag nokia reports another loss as networks sag

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nokia reports another loss as networks sag nokia reports another loss as networks sag

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 10:14 2018 Wednesday ,24 January

Trump angers China, South Korea with new trade tariffs

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way

GMT 21:06 2017 Tuesday ,19 September

Dow, S&P 500, Nasdaq edge up to new record peaks

GMT 14:32 2012 Thursday ,02 February

GOP job plan calls for more oil and gas

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017

GMT 08:09 2017 Saturday ,15 April

Khartoum to Host Geographers Forum in December

GMT 17:51 2018 Wednesday ,29 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 09:43 2011 Sunday ,09 October

Iran Fires gazprom from Azar oil field

GMT 23:36 2011 Monday ,29 August

Greek banks merge to form largest lender

GMT 15:02 2017 Thursday ,31 August

'No way to prevent' explosion at Texas chemical plant

GMT 09:23 2011 Wednesday ,15 June

SK Telecom to work with SNS

GMT 09:51 2011 Monday ,17 October

Thai massage was more like torture

GMT 00:08 2011 Tuesday ,26 April

Elissa films new clip

GMT 08:21 2010 Wednesday ,15 September

Omar Azure: Tailored Perfection

GMT 14:32 2017 Thursday ,07 September

US oil giant ExxonMobil plans Cyprus gas exploration

GMT 12:27 2017 Friday ,05 May

Ed Sheeran is coming to Dubai

GMT 11:03 2017 Wednesday ,18 January

Flying man loves Oman
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday