Tag: French-American rival Alcatel-Lucent.

Nokia posts loss for first joint results with Alcatel-Lucent

HELSINKI , Finland (AFP) — Nokia suffered a net loss of 513 million euros ($583 million) in the first quarter, the Finnish telecom equipment giant said Tuesday in its first earnings announcement after acquiring its French-American rival Alcatel-Lucent. The group’s sales fell by eight percent in its main network equipment business, but Nokia highlighted in a statement its operating margin increased by 1.7 points to 6.2 percent. In comparable figures, the company’s global revenue fell […]