Nokia set to announce more losses

19 July 2012 Last updated at 05:11 ET Help

The phone company Nokia posted losses of 1.41bn euros in the last three months as it continues to lose market share to Samsung and Apple.

The company was slow to get into the smart-phone market, and its Lumia phone has done little to turn the tide at the struggling company.

Many now say Nokia is a prime takeover target.

Jeremy Howell reports.

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