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Nokia keeps Devices & Services non-IFRS expenses reduction target

Nokia continues to target to reduce its Devices & Services non-IFRS operating expenses to an annualized run rate of approximately EUR 3B by the end of 2013. Nokia and Nokia Siemens Networks continue to target to reduce Nokia Siemens Networks’ non-IFRS annualized operating expenses and production overheads by more than EUR 1B by the end of 2013, compared to the end of 2011.