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Nokia sales fall 7% in Q3 as mobile market softens

2016-10-27 07:46:00| Telecompaper Headlines

(Telecompaper) Nokia reported third-quarter pro forma sales down 7 percent year-on-year to EUR 5.95 billion, hurt by a slowdown in the mobile network market. Sales at the Networks business fell 12 percent annually to EUR 5.32 billion but were up 2 percent from the second quarter, in line with the company's forecast for sequential improvement. The licensing division Nokia Technologies did much better, more than doubling revenues to EUR 353 million thanks to the company's new agreement with Samsung. Adjusted operating profit fell 18 percent to EUR 556 million, and the margin of 9.3 percent was down from 10.7 percent a year ago but an improvement from 5.8 percent in Q2.

Tags: sales market mobile fall

Nokia network revenue plunges on slowing demand

2016-10-27 02:00:00| Total Telecom industry news

Finnish vendor lowers outlook for network equipment market; CFO resigns.

Tags: network demand nokia revenue

Nokia, SK Broadband Testing 52Gbps Speeds in S. Korea

2016-10-19 23:02:25| PC Magazine Software Product Guide

In partnership with SK Broadband, the telecom is testing speeds of up to 52.5 Gbps.

Tags: korea testing nokia broadband

Nokia, STC ink deal to deploy 4.5G across Saudi Arabia

2016-10-18 11:15:00| Telecompaper Headlines

(Telecompaper) Nokia and STC have signed an agreement to expand high-speed mobile broadband capacity and coverage in Saudi Arabia using Nokia's 4.5G technology. The enhanced network will meet the ever-increasing demands of subscribers across the country, including the millions of visitors who travel to the cities of Mecca and Medina each year, particularly during the Hajj and Ramadan seasons. Nokia has already completed the first phase of the deployment in Mecca and Medina, where it asked to dramatically increase capacity. Using 4.5G technology, including Saudi Arabia's first indoor small cells deployment, STC managed the huge traffic demands during this year's Hajj pilgrimage, which during peak times recorded an increase in 4G traffic of 600 percent compared to 2015.

Tags: deal nokia arabia saudi