Disqus
Nokia announced that it has completed a 5-year 500 million EUR loan agreement with the European Investment Bank (EIB) to part-finance software R&D projects during 2009-2011 to make Symbian-based smartphones more competitive.
Apparently, the R&D activities supported by this loan will also benefit the work of the Symbian Foundation, which is expected to start operations before the end of H1 2009.
The new loan follows Nokia’s successful launch last month of its inaugural Euro Bond transaction that raised 1.75 billion EUR for the company. The proceeds of that bond issuance are being used to repay existing short-term borrowings, hence strengthening Nokia’s financial flexibility.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
