Stefan Mileschin

Finnish network equipment maker Nokia reported a slowing rate of sales decline, saying the global networks market was showing signs of recovery.

Nokia and its rivals, Sweden’s Ericsson and China’s Huawei Technologies, have struggled in recent years as telecom operators’ demand for faster 4G mobile broadband equipment has peaked, and upgrades to next-generation 5G equipment are still years away.

Nokia said the business momentum was now improving: first-quarter network sales fell six percent from a year earlier to $5.3 billion, compared with a decline of 14 percent in the previous quarter.

Chief Executive Rajeev Suri said: “We slowed the rate of topline decline and generated healthy orders in what is typically a seasonally weak quarter for us… We saw encouraging stabilization in Mobile Networks topline… “I am optimistic about the year ahead, even if cautiously so.”

http://www.techeye.net/business/noki...of-bleak-sales