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.
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.
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.
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.
TDC A/S, Denmark’s biggest wireless carrier, joined Nordic rivals in calling for businesses to combine as falling prices in the region’s saturated market hurt earnings and hinder operators’ ability to invest.
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.
Tele2 AB, Sweden’s second-largest telecommunications carrier, may be tempting Asia’s richest man with the chance to expand in Europe as the company’s controlling shareholder concentrates on faster-growing Internet investments.