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Nokia Oyj: Nokia Corporation Financial Report for Q4 and Full Year 2020 Nokia Corporation Financial Report for Q4 and Full Year 2020 Solid margin performance driven by customer demand in North America 5% year-on-year decrease in reported net sales in Q4, primarily due to Mobile Access, as declines in network deployment and planning services were partially offset by growth in radio access products 1% growth in constant currency net sales in Q4 Continued improvements in our Mobile Access portfolio; strengthening roadmaps, reducing product costs and improving product performance; commitment to invest in R&D to drive product leadership Increase in Mobile Access gross margin in Q4, primarily driven by improved 5G gross margin, partially offset by a project-related loss provision

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