UPDATE 1-Nokia tops quarterly expectations, buoyed by patent payment

HELSINKI, Feb 1 (Reuters) - 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, while spending on new, mass-market 5G networks are unlikely before 2019 or 2020.


from Reuters: Company News http://ift.tt/2nwg0vC

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