Nokia Posts Strong Results Boosted by Patent Payment From Huawei

Nokia posted better-than-expected quarterly profits on Thursday, boosted by a one-off patent payment from China’s Huawei, but said its network business was set for another year of decline, despite promising North American sales. The mobile industry, dominated by Huawei, Nokia and Sweden’s Ericsson, is weathering the toughest part of a decade-long cycle as demand for 4G gear falls...

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