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Nokia profit fell in 2015 ahead of Alcatel-Lucent merger

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Finnish telecom giant Nokia's net profit fell by 29 per cent in 2015, to 2.45 billion euros (S$3.89 billion) ahead of acquiring its French-American rival Alcatel-Lucent, the company announced on Thursday.

[HELSINKI] Finnish telecom giant Nokia's net profit fell by 29 per cent in 2015, to 2.45 billion euros (S$3.89 billion) ahead of acquiring its French-American rival Alcatel-Lucent, the company announced on Thursday.

The fall comes after Nokia sold its unprofitable handset unit to Microsoft in 2014, but the company's operating profit grew by 20 per cent and its net revenue by six per cent.

AFP

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