Siemens see telecom networks income falling in Q4

Newswire

FRANKFURT, July 24 (Reuters) - Siemens AG said on Wednesday that it expects its telecom fixed line network unit ICN to post a lower operating income in the fourth quarter than in the previous three months, even without restructuring charges. "We anticipate that ICN will have a lower operating profit in the fourth quarter (than the third) because of the continuing decline in business volume," said Chief Financial Officer Heinz-Joachim Neubuerger on a call with analysts.

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