Nokia Says Rebound in Europe Carrier Spending Sustainable
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European phone companies, emboldened by the region’s economic recovery and improving demand for data services, are showing signs they will spend more on networks, according to wireless-equipment supplier Nokia Oyj.
Carriers’ revenue in Europe is either rising again, or at least declining at a slower pace, as they change the way customers are billed for the amount of data consumed. That’s encouraging operators to make larger network investments to improve Internet speeds and coverage, said Tommi Uitto, head of western Europe for Nokia’s network division, which raised a long-term earnings target last week.