TeliaSonera AB, Sweden’s biggest phone company, reported a 15 percent increase in third-quarter profit as restructuring efforts and gains in its Eurasian operations helped offset declining revenue. The stock rose.
Ericsson AB, the world’s largest maker of wireless networks, reported profit margins that beat analysts’ projections after cutting jobs and focusing on more lucrative contracts. The stock rose the most in five months.
DNA Oy is weighing a 2013 sale or initial public offering, said three people with knowledge of the matter, as Finland’s third-largest wireless carrier’s owners review options for the company valued at about $1.4 billion.
Nokia Oyj fell as much as 5.6 percent in Helsinki trading after introducing a smartphone that disappointed investors anticipating a handset attractive enough to push forward the company’s comeback effort.
Nokia Oyj, the Finnish mobile-phone maker seeking a comeback, reported its smallest quarterly revenue in 13 years as handset demand waned, missing analysts’ estimates and sending its stock down 8.3 percent.
Nokia Oyj gained after a report that it held talks to sell its mobile-phone business to Microsoft Corp., signaling the Finnish handset manufacturer may be open to asset disposals as part of its turnaround effort.
Nokia Oyj predicted shrinking profit margins for its network-equipment business, signaling the company is ready to sacrifice earnings to revive sales after handing its mobile-phone division to Microsoft Corp. The stock plunged.