Nokia Says Demand in Mobile Networks Reached Bottom

By Dominic Chopping

Nokia thinks the first quarter marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024.

The Finnish telecommunications company's first-quarter earnings beat expectations, with lower sales of its gear offset by a one-off bump from catch-up payments related to delayed licensing deals with cell phone manufacturers.

Write to Dominic Chopping at dominic.chopping@wsj.com