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Nokia narrows quarterly losses

Nokia has said reported a third-quarter net loss of €91m ($125m), compared with a net loss of €969m a year earlier, Reuters has reported. Revenue fell more than 20% to €5.6bn. The company repeated its target to save €3bn in operating costs by the end of 2013. Nokia board chairman and interim CEO Risto Siilasmaa described the third quarter as “the most transformative” in the company’s history.