Monday, December 3, 2018

Nokia boost on 5G R&D through loan from EU bank

Nokia borrowed a further $283 million for the financing of 5G research and development activities in Europe, bringing the total amount of publicly announced 5G financing to $851 million.

The Finland-based vendor signed the latest loan transaction with the Nordic Investment Bank and said the funds would primarily be used for the development of new 5G-related products and services for different business areas. Nokia added that the loan has an average maturity of about five years after disbursement.

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