nokia profit fell in 2015 ahead of alcatellucent acquisition
Last Updated : GMT 00:09:18
Arab Today, arab today
Arab Today, arab today

Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition

Arab Today, arab today

Arab Today, arab today Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition

Finnish telecom giant Nokia's net profit fell by 29%
Helsinki - AFP

Finnish telecom equipment giant Nokia's net profit fell by 29 percent in 2015, to 2.45 billion euros ($2.8 billion) ahead of acquiring its French-American rival Alcatel-Lucent, the company said on Thursday.

The drop was due to the 2014 results including 5.4 billion euros Nokia gained from selling its unprofitable handset unit to Microsoft.

But the company said operating profit grew last year by 20 percent and its net revenue by six percent.

Nokia has just gone through two and half years of radical transformation. In 2013 it bought 50 percent of its network activities from Germany's Siemens, in 2014 it divested its mobile phone business where it had been the world's number one brand, and in 2015 it sold its mapping unit Here and took control of Alcatel-Lucent.

Net profit from its "continuing activities" after the divestments and before its acquisition of Alcatel-Lucent was finalised last month, fell by 56 percent last year, to 1.19 billion euros, the company said.

Total revenue went up by 6 percent, to 12.5 billion euros.

The company hailed in a statement a "continuation of strong operational performance in Nokia Networks and solid growth in Nokia Technologies", its intellectual property unit.

But chief executive Rajeev Suri warned that Nokia saw a rough start of the year ahead.

"We do expect some market headwinds in 2016 as 4G/LTE rollouts in China and some other markets start to slow.

"The first quarter, in particular, looks quite challenging as customers assess their capex (capital expenditure) plans in light of increasing macro-economic uncertainty," he said in the statement.

 

arabstoday
arabstoday

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 profit fell in 2015 ahead of alcatellucent acquisition nokia profit fell in 2015 ahead of alcatellucent acquisition

 



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 profit fell in 2015 ahead of alcatellucent acquisition nokia profit fell in 2015 ahead of alcatellucent acquisition

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday