8/14/2013

Fitch Ratings said Nokia's network equipment business has sparked improvement in the company's fiscal health but added that it made no change to its BB- rating because challenges remain for the handset business. Fitch was particularly impressed by Nokia Solutions and Networks' performance in the mobile gear sector. Nokia also has seen an uptick in sales of its low-end Lumia 500 Windows phones, according to Forbes, but heavy discounting may depress the smartphone-maker's average price per sale metric. Verizon Wireless will give away the Lumia 928 phone, which was originally priced at $99.

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