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deep tech TechAfrica News October 22, 2026

Nokia Q3 Sales Rise 9% as AI and Cloud Revenue Surges 123%

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Nokia Corporation reported a 9% year-on-year increase in net sales on a constant-currency basis in the third quarter of 2026, supported by growth in its Network Infrastructure business and rising demand from artificial intelligence (AI) and cloud customers. The Finnish telecommunications equipment maker recorded net sales of EUR 5.15 billion in the quarter ended September 2026, up 10% from EUR 4.70 billion a year earlier on a reported basis. Comparable operating profit rose 35% to EUR 605 millio

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