Nokia lifts long-term profitability target

COMEBACK?: Nokia is expected to shed light on how it can sustain profitability as the build-out of faster 4G networks has begun to peak in many parts of the world.

HELSINKI: Finnish telecoms equipment maker Nokia lifted its long-term profitability target after meeting strong demand for faster 4G networks this year, and said it also expected the business to grow in 2015. 

The company, which ranks third in the global network-equipment market after Ericsson and Huawei Technologies, said it now targets long-term networks operating margin in the range of 8% and 11%, compared to its previous target of 5% to 10%.