Facebook
Twitter
Google+
LinkedIn
Pinterest
+
Nokia Corp Reports Second-Quarter Net Loss Of 665 Million Euros
Finnish telecom company Nokia Corp. on Thursday reported a second-quarter net loss of 665 million euros ($738 million).

Finnish telecom company Nokia Corp. on Thursday reported a second-quarter net loss of 665 million euros ($738 million) on the back of weak demand for mobile networks and the costs of integrating its acquired competitor Alcatel-Lucent.

Following the loss the company said it was now seeking annual savings of 1.2 billion euros in 2018, compared to more than 900 million euros previously.

Nokia, once the world’s biggest mobile phone maker, was caught out by the rise of smartphones and ended up selling its handset business to Microsoft Corp in 2014.

For all the latest news and updates from India and across the globe, follow us on @NewsWorldIN on Twitter and News World India on Facebook