HELSINKI: 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 (US$826 million) last year, which chief executive Rajeev Suri described in a statement as a “year of transition.” -- AFP

Source: New Strait Times February 02, 2017 07:22 UTC