Nokia books surprise loss amid tough competition in networks

ABC News | 4/25/2019 | Staff
kshama-s (Posted by) Level 3
Click For Photo: https://s.abcnews.com/images/site/abc_default_image_me.jpg

Telecoms gear maker Nokia has reported a surprise first-quarter loss amid tougher competition for the new, superfast wireless 5G networks that are expected to increase in business this year.

The company, based in Espoo, Finland, said Thursday its net loss for the January-March period was 116 million euros ($130 million), against profit of 83 million euros a year earlier. Sales rose 2% to 5 billion euros.

CEO

CEO...
(Excerpt) Read more at: ABC News
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!