Nokia posts improved results
Buoyant service provider market boosts handset maker's figures
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."