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The non-IFRS exclusions are not allocated to the segments, and hence they are reported only at the Nokia consolidated level.Financial discussion The financial discussion included in this financial report of Nokia's results comprises the results of Nokia's businesses - Nokia's Networks business and Nokia Technologies, as well as Group Common and Other.In the first quarter 2017, Global Services represented approximately 70% of total services net sales within the Networks business, with the remaining amounts reported within the net sales of the other Networks business groups.Starting from the second quarter 2017, Nokia will change its reporting structure to reflect the updated organizational structure and provide additional information on Global Services.
The tender offer valued Comptel at approximately EUR 347 million, on a fully diluted basis, and resulted in Nokia consolidating Comptel as of March 30, 2017.
We slowed the rate of topline decline and generated healthy orders in what is typically a seasonally weak quarter for us.
We also continued to see expansion of cross-selling across our full portfolio, delivered excellent gross margins and improved group-level profitability.
The company's major sites are in Finland, Bulgaria, Malaysia, India, the United Kingdom and Norway.
It is Nokia's intention to acquire all the shares and option rights in Comptel.