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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