Finnish telecoms equipment firm Nokia appears to have benefited from an improving telecoms service provider market.
The vendor has posted a net profit of €1.2bn for its fourth quarter 2003, up 12 per cent on the year before. Turnover was €8.8bn, which was down one per cent on 2002.
Keith Humphreys, analyst at EuroLAN Research, said: "We have seen good results from Lucent and Juniper, which shows the service provider market is definitely picking up."
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