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Nokia's profits fall more than forecast

The company said that sales of mobile network products were particularly weak, accounting for around 80 per cent of the overall decline in network sales.


NOKIA'S second-quarter profit fell more sharply than expected, partly the result of telecom operators spending less on faster mobile networks, while the company raised a cost-cutting target for its newly-acquired Alcatel-Lucent business.

Nokia said on Thursday that second-