Finnish network equipment maker Nokia (NOK, +1.55%) reported on Thursday a better-than-expected quarterly profit, as acquisition of Franco-American Alcatel-Lucent (ALALF) and cost cuts helped it in the tough networks market.
Nokia and its rivals, Sweden’s Ericsson (ERICSSON.LM) and China’s Huawei (HUAWEI), are struggling as telecom operators’ demand for faster 4G mobile broadband equipment has peaked, and upgrades to next-generation 5G equipment are still years away.
