nokia reports 766 million euro loss in 2016
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
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Nokia reports 766 million euro loss in 2016

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Themuslimchronicle, themuslimchronicleNokia reports 766 million euro loss in 2016

Telcoms giant Nokia
Helsinki - AFP

Telcoms giant Nokia on Thursday said that falling network sales and costs stemming from acquisitions and its integration of Alcatel-Lucent had driven down its 2016 full-year profits.

The firm recorded a net loss of 766 million euros ($826 million) last year, which chief executive Rajeev Suri described in a statement as a "year of transition."

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