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September 28, 2016 Nokia Posts Weak Quarterly Profits, Lifts Cost-Cut Target
Nokia’s quarterly profit fell more sharply than expected as telecom operators spent less on faster networks and as others held off signing new orders as the Finnish firm merges operations with recently-acquired rival Alcatel-Lucent. Nokia also on Thursday lifted its cost-cutting target for the EUR 15.6 billion merger, sealed earlier this year, saying it was […]
