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The drop reflects increased automation, outsourcing and other modernizations.
The rest of the drop reflects the effects of the economic downturn in Asia, he said.
The drop reflects the fact that "operators in all major regions continue to decrease their investments," Nokia said.
The drop reflects a slump in manufacturing that has extended to a full year and cost thousands of jobs.
The drop reflects Beijing's efforts to rein in outbound investment as well as greater U.S. government scrutiny of Chinese deals.
Some of the drop reflects the subsiding in the run of mergers, diminishing the demand for credit by companies buying other companies.
Similar(41)
The drop reflected both lower shipments and oil prices.
The drop reflected the aftermath of ugly negotiations on union contracts.
The company said the drop reflected, in part, moves by business customers to lower-price services.
Analysts said the drop reflected a seasonal pattern, not a general trend.
The drop reflected less consumer and government spending and a larger decline in business investment than estimated.
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