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Eurobites: China Boosts Nokia's Q3

Paul Rainford
10/29/2015

Also in today's EMEA regional roundup: AlcaLu hit by ASN impairment charge; MegaFon profits up; Ericsson collaborates on smart energy.

  • Third-quarter operating profits at Nokia Networks were down 2% year-on-year, to €391 million (US$428.9 million), though this still easily beat analysts' expectations, according to a Reuters report. Sales growth in Nokia's Greater China region helped counteract declines in North America and Europe, said the company. To view the full set of third-quarter figures, click here. (See Eurobites: Nokia Gets Nod From China on AlcaLu Deal.)

  • Alcatel-Lucent (NYSE: ALU), which of course is shortly to be subsumed into Nokia, saw revenues rise 5% year-on-year to €3.43 billion ($3.75 billion) in its third quarter, but a write-down on its ASN subsea cable unit dragged it down to a net loss of €206 million ($225 million) in the quarter. AlcaLu's Access division was the star of the show, recording its most profitable quarter since the launch of the Shift Plan. For more figures, click here.

  • Russia's MegaFon saw third-quarter net profits increase 4% year-on-year to 13.30 billion rubles ($206 million) on revenues that inched up 0.3% to RUB 81.27 billion ($1.26 billion). The carrier made a number of acquisitions during the quarter, including four companies in the SMARTS group, which gave it additional spectrum in the Samara, Astrakhan and Yaroslavl regions and the Chuvash Republic.

  • Ericsson AB (Nasdaq: ERIC) has signed a cooperation agreement with energy firm E.ON and automation specialist ABB to develop "smart energy" products for various industries, including real estate, transport and solar energy.

  • Israel's Allot Ltd. (Nasdaq: ALLT) has collaborated with Check Point Software Technologies Ltd. (Nasdaq: CHKP) to demonstrate a virtual mobile security-as-a-service offering. The proof of concept was put through its paces at the Layer 123 SDN & OpenFlow World Congress in Düsseldorf, Germany. Earlier this year, Allot CTO Jay Klein told attendees at Light Reading's Big Telecom Event that the use of use of SDN and NFV technologies could further expose telecom networks to cyber attacks. (See SDN & NFV Amplify Security Threat – Allot.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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