Page 90 - Ericsson News Today

International Business News: Finnish telecommunications equipment manufacturer Nokia issued a cautionary statement on Thursday, anticipating challenging economic conditions in the

Telecom giants Nokia and Ericsson both saw sales drop for the final quarter of 2023, blaming tough economic conditions for weak network operator spending.…

Science|Business - Table.Media partnership Science|Business has partnered with Table.Media, a leading source of news about higher education and research in Germany. Each week, we are publishing one of each other’s stories to give readers an even broader range of insight into R&D policy across Europe.

Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in 2023

Finlands Nokia posted a 33% sequential fall in India net sales to 379 million euros (Rs 3,432 crore) in Q4 2023, while Swedens Ericsson has seen an even bigger 40% drop, sequentially, on the same score in the fourth quarter. Ericsson doesnt reveal India-specific sales numbers.

Nokia CEO Pekka Lundmark cautioned it was yet to see concrete signs of operator investments in mobile networks improving after a tough 2023.

Nokia shares traded in the U.S. soared after a buyback announcement, but the Finnish telecom group warned that the environment will be challenging this year.

One of the worlds prominent mobile network equipment manufacturers, Nokia reported a 23% year-on-year decline in net sales for the fourth quarter, close to €5.7 billion.

(CTN News) - In response to declining profits in 2023, Nokia announced on Thursday that it would begin a two-year share buyback program.............

Rashmi Soni joins PayU as chief brand & communications officer, bringing 28 years of leadership experience from Vistara and top tech brands.