Debt-free Nokia looks to a prosperous future

Debt-free Nokia looks to a prosperous future

Headline: Debt-free Nokia looks to a prosperous futureSource: EuromoneyDate: January 2002Author: Jonathan Brown Telecoms service providers are still struggling to rebuild their balance sheets and avoid the worst consequences of overpaying for 3G licences but Finland’s Nokia, which is hugely exposed to the mobile sector as a builder of mobile networks and seller of mobile […]

Headline: Debt-free Nokia looks to a prosperous future
Source: Euromoney
Date: January 2002
Author: Jonathan Brown

Telecoms service providers are still struggling to rebuild their balance sheets and avoid the worst consequences of overpaying for 3G licences but Finland’s Nokia, which is hugely exposed to the mobile sector as a builder of mobile networks and seller of mobile phones, seems to be in robust good health.

Nokia enjoyed a relatively good 2001. It’s fourth quarter earnings were expected to exceed its forecasts, with handset sales rising 20% on the previous quarter and just about matching 2000.

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Debt-free Nokia looks to a prosperous future

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