Nokia Siemens profits jump on LTE deals, cost cuts

Nokia Siemens Networks underlying operating profit jumped to 323 million euros ($424 million) from 6 million a year earlier, beating all analysts' expectations and pulling underlying Nokia group result into the black.

Sales of the fourth-generation high-speed LTE network equipment in Japan and Korea helped to boost profits and lifted group sales 3 percent from a year ago to 3.5 billion euros, beating all analysts expectations in a Reuters poll.


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