【toyota certified at capital plaza collision center】Nokia draws $560 million R&D loan for 5G
时间:2024-09-29 12:26:40 出处:Leisure阅读(143)
HELSINKI (Reuters) - Finnish telecoms equipment maker Nokia drew a 500 million euro ($561 million) loan last month to help it to accelerate development of 5G technology,toyota certified at capital plaza collision center its annual report shows.
Nokia said that its R&D loan facility with the European Investment Bank (EIB), which has an average maturity of about five years after disbursement, was agreed in August 2018 and available until last month. It drew the loan on Feb. 24.
The company's finances have been in focus since it halted dividend payments in late 2019 and said it would need to invest more than previously expected in development of its 5G equipment.
This week Nokia rehired former executive Pekka Lundmark from energy group Fortum as its new CEO to lead efforts to revive its faltering 5G business.
A Nokia representative was not immediately available to comment on details of the loan.
"Nokia will use the loan to further accelerate its research and development of 5G technology, the next-generation mobile telecommunication standard," the company said when the deal was signed in August 2018.
(Reporting by Tarmo Virki; Editing by David Goodman)
View comments
上一篇: Microsoft (MSFT) Is a Bargain Stock You Can Buy Today
下一篇: South African drugmaker Aspen sees no immediate impact of India's decision to curb drug exports
猜你喜欢
- Billionaire Warren Buffett Divests Airline Stakes, Sees No ‘Attractive’ Investments
- Penske Cut to Neutral
- Big cash holdings in Europe signal unease over stock market outlook
- Usher Reveals ‘Coming Home’ Album Tracklist, With Features From Latto, Burna Boy, 21 Savage & More
- This Broker Just Slashed Their Freelance.com SA (EPA:ALFRE) Earnings Forecasts
- The Bachelor 's Amanda Stanton Reacts After Being Accused of Bringing Kids to Protest for ''Fame''
- For Warren Buffett, sinking Apple shares a wish come true
- What's the Best Cheap Used Convertible You Can Buy?
- Tokyo Stock Exchange Halts Trading For Entire Day Over Technical Glitches