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Nokia, India
Nokia India sales drop 44% in Q3
Nokias India sales declined for the fourth quarter in a row as Reliance Jio and Bharti Airtel scaled back on network capital expenditure. Similarly, Ericsson experienced a 44% drop in sales in the region.
Ericsson and Nokia face sales decline in India as telecom capex slows
During the July-Sept period, Ericsson's India revenue plunged 68% Y-o-Y, while Nokia's India sales saw a 43 per cent Y-o-Y dip. Both firms supply network solutions to telecom operators in India
Nokia sees improved Q3 profit but reports 8% sales dip mainly due to weaker India market
Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a weaker India market.
4d
Exclusive: Nokia in talks with Bharti Airtel for multi-billion dollar 5G contract, sources say
Finland's Nokia is in talks with Bharti Airtel about securing a multi-billion dollar contract to provide 5G telecom equipment ...
2d
on MSN
Nokia is cutting 2,000 jobs in China, and how this 'Huawei ban' may be the reason
Nokia, aiming to reduce costs amid challenging telecom market conditions, lays off 2,000 employees in Greater China and plans ...
2d
What's Going On With Nokia Stock On Friday?
Nokia Corp (NYSE:NOK) stock rebounded Friday from Thursday’s selloff, as its quarterly report failed to impress the Street.
3d
Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound
Nokia reported a 7% decline in net sales and missed analyst estimates. Comparable EPS was lower, but net income increased.
Opinion
The Pioneer
6h
Opinion
India’s strides towards the design and component ecosystem in telecom
The telecom sector is evolving from a service-led growth model to a robust manufacturing ecosystem The telecommunications ...
2d
Nokia Oyj (NOK) Q3 2024 Earnings Call Highlights: Navigating Growth and Challenges
Despite strong growth in fixed and IP networks, Nokia Oyj (NOK) faces market challenges with declining mobile network sales ...
1d
on MSN
Nokia Layoffs: Tech Giant Likely To Cut Over 2,000 Jobs As Part Of Cost-Cutting Strategy
China, once Nokias second-largest market, has seen a sharp decline in contracts from Chinese telecom operators after Western ...
3d
on MSN
Nokia joins Ericsson in seeing signs of recovery after mixed results
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in ...
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