Nokia Siemens Networks reported third-quarter revenue growth of about 7% since the previous quarter to about $5.3 billion. The company also lowered its operating loss. That's all good news for a joint venture that has seen little to be happy about lately. NSN has been hounded by poor performance and an admission by Siemens' new CEO, Peter Loescher, the company is disappointed with its participation in NSN and might seek a sale for its half of the joint venture.
Nokia said it is increasing cost cuts at NSN, but with infrastructure sales relatively healthy everywhere except North America, things may be looking up for NSN, at least for now.
- Light Reading covers the earnings report
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