Nokia Siemens Networks reiterates operating profit target |
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Published
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Tue, 10 Apr 2007 10:14
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FRANKFURT (Thomson Financial) - Nokia Siemens Networks expects to accomplish a double-digit mln eur operating profit in the first twelve months despite its delayed launch, company head Simon Beresford-Wylie, told daily Handelsblatt.The belated launch of the networks infrastructure joint venture has not caused a drawback, he said, adding that Nokia Siemens Networks won more customers than it lost in the last months.Nokia Siemens Networks started operations at the beginning of this month, after its launch was delayed for three months due to bribery investigations at Siemens AG.judith.csaba@thomson.comjcs/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Nokia, Siemens networks jv to get underway April 1 