Pulse2 Technology and Social Media News » European Investment Bank http://pulse2.com Sun, 27 May 2012 17:08:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Nokia Corporation Is Borrowing $640 Million From European Investment Bank To Enhance Symbian http://pulse2.com/2009/02/24/nokia-corporation-is-borrowing-640-million-from-european-investment-bank-to-enhance-symbian/ http://pulse2.com/2009/02/24/nokia-corporation-is-borrowing-640-million-from-european-investment-bank-to-enhance-symbian/#comments Tue, 24 Feb 2009 20:42:20 +0000 Amit Chowdhry http://pulse2.com/?p=11033 Continue reading →]]>
Nokia Corporation (NYSE:NOK) is borrowing $640 million from the European Investment Bank as part of a five-year loan agreement to fund their software R&D projects. Nokia hopes that this investment will enhance Symbian-based smartphones. This loan will also benefit the Symbian Foundation and their contributions to open-source mobile software. About 78 companies have already pledged support to the Symbian Foundation including MySpace, Qualcomm, SanDisk, and Bank of America.

[via Fierce Wireless]

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