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The Independent UK
The Independent UK
National
Via AP news wire

Nokia sees improved 3Q profit, sales on strong demand for 5G

Nokia Pekka Lundmark
ASSOCIATED PRESS

Wireless and fixed-network equipment maker Nokia reported substantially improved third-quarter profits and higher sales Thursday on the back of strong demand for 5G technology from operators.

The company, based in Espoo, Finland, reported net profit of 551 million euros ($539 million) for the July-September period, up 19% from 463 million euros a year earlier. Net income attributable to shareholders was up 21% at 550 million euros from 454 million euros a year earlier.

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