Nokia posts surprise profit rise

July 30, 2015 5:45 AM

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HELSINKI: Nokia, the world's No. 3 network equipment maker, on Thursday reported a surprise rise in second-quarter profits, helped by high-margin software sales and fewer low-priced contracts at its mainstay telecom network equipment business.

Finland's Nokia, which in April proposed a 15.6 billion euro take-over of its French rival Alcatel-Lucent, said operating profit at its network unit was 313 million euros ($343 million) in the second quarter, or 11.5% of sales.

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