STOCKHOLM (Reuters) – Finnish telecom gear group Nokia on Thursday reported a 20% fall in third-quarter sales due to slowing sales of 5G equipment in markets such as North America, and announced a new cost savings plan.
Comparable net sales fell to 4.98 billion euros ($5.25 billion) from 6.24 billion euros last year, missing the estimated 5.67 billion euros, according to a LSEG poll.
($1 = 0.9494 euros)
(Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)
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