Sales up at telecom JV

Nokia Siemens Networks, the world's second largest maker of wireless networks, said its third-quarter sales rose 26.4 percent in China, a sign of growing customer confidence in the joint venture.

"The result signals that our customers' concern over the joint venture's integration has eased and that now we're on the right track," said Zhang Zhiqiang, head of Nokia Siemens Networks Greater China. "We will continue to streamline our business for further growth here in China."

The company's sales from China reached 372 million euros in the third quarter, about one-tenth of its 3.7 billion euros of global sales revenue in the same period. The growth came after a lukewarm start when the joint venture was established in April.