Nokia Says Operators Could Double Sales With Next-Gen Phones
New York, June 28 (Bloomberg) -- Nokia Oyj, the world's biggest cellular phone maker, said telecommunications providers such as AT&T Wireless Group and Sprint Corp. could double their revenue per customer by offering new wireless services.
Nokia executives spoke to financial analysts in New York at a conference on next-generation mobile-phone network technology. Next- or so-called third-generation, phones have Internet access, video capabilities and various entertainment options.
The average wireless customer spent $41.24 per month to make local calls in December, according to the Cellular Telecommunications Industry Association, which tracks wireless industry information.
``High-quality and a good set of services are the key'' to doubling revenue, Nokia spokeswoman Arja Suominen said.
The Finnish company, which is expected to earn about 30 percent of its revenue this year from sales of network equipment, is trying to take market share away from Ericsson AB, the world's biggest seller of wireless infrastructure equipment.
Nokia shares fell 1 3/8 to 50 1/2 in midafternoon trading. They've risen 6 percent this year.
Jun/28/2000 14:40 ET
For more stories from Bloomberg News, click here.
(C) Copyright 2000 Bloomberg L.P.
Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News.
The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 2000 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P. |
