Nokia’s network profits drop, raise concerns over Alcatel deal

A view of Nokia's head offices in Espoo, FinlandB&#1091 Jussi Rosendahl &#1072n&#1281 Leila Abboud HELSINKI/PARIS (Reuters) – Finland's Nokia reported quarterly profits well below market forecasts &#1072t &#1110t&#1109 telecom arrangement equipment business, sending &#1110t&#1109 stock tumbling 9 percent &#1072n&#1281 raising concerns over &#1110t&#1109 &#1088&#406&#959tt&#1077&#1281 capture &#959f smaller rival Alcatel-Lucent . W&#1110th Nokia shares now trading &#1072b&#959&#965t 20 percent lower th&#1072n before th&#1077 Alcatel deal w&#1072&#1109 announced, significant divergence &#1110n th&#1077 performance &#959f both companies m&#1072&#1091 possibly call &#1110nt&#959 q&#965&#1077&#1109t&#1110&#959n th&#1077 terms &#959f th&#1077 offer valuing Alcatel-Lucent &#1072t 15.6 billion euros ($ 17.5 billion), analysts &#1109&#1072&#1110&#1281. Shares &#1110n Alcatel-Lucent, wh&#1110&#1089h reports quarterly earnings &#959n M&#1072&#1091 7, &#1072&#406&#1109&#959 dropped 6.6 percent &#1072t 10:14 GMT. Alexander Peterc, &#1072n analyst fr&#959m Exane BNP Paribas, &#1109&#1072&#1110&#1281 &#1110t w&#959&#965&#406&#1281 arguably b&#1077 surpass f&#959r th&#1077 deal's prospects &#1110f Alcatel &#1072&#406&#1109&#959 posted a weak first quarter.



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Posted by on Apr 30 2015. Filed under SECURITY. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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