nokia reports 766 million euro loss in 2016
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Nokia reports 766 million euro loss in 2016

Arab Today, arab today

Arab Today, arab today Nokia reports 766 million euro loss in 2016

Telcoms giant Nokia
Helsinki - AFP

Telcoms giant Nokia on Thursday said that falling network sales and costs stemming from acquisitions and its integration of Alcatel-Lucent had driven down its 2016 full-year profits.

The firm recorded a net loss of 766 million euros ($826 million) last year, which chief executive Rajeev Suri described in a statement as a "year of transition."

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