Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter - AFP Photo.
HELSINKI: Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in China and North America.
Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter.
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