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Nokia Siemens sees quarterly profit report -

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Customers which are partly owned by indebted euro zone governments will likely have difficulty refinancing their projects due to a knock on effects to their creditworthiness, as debt ratings of countries like Greece or regions such as Navarre and Basque in Spain deteriorate.

NSN competes with rivals like Alcatel-Lucent (ALUA.PA), Gucci Ericsson (ERICb.ST) and low-cost Chinese vendor Huawei (HWT.UL).

In Southern Europe, Rodler said he expected cancellations or delays in some orders following the austerity programs in place to reduce burgeoning fiscal deficits.

The company made a surprise operating profit of 15 million euros in the previous quarter.

FRANKFURT (Reuters) – Telecom equipment venture Nokia Siemens Networks (NSN.UL) aims for an operating profit margin of up to 3 percent on revenue of between 3.1-3.4 billion euros ($3.88-$4.25 billion) in the current quarter, according to a Sunday newspaper.

(Reporting by Christiaan Hetzner)

"The development in new orders and revenue here Gucci (in Western Europe) in the current quarter have so far been better than expected," said NSN manager Hermann Rodler in an interview with the Euro am Sonntag.

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