Finland’s Government Investment Arm Solidium Has Acquired A 3.3 Percent Stake In Nokia

[franco + 96]

Telecom network major Nokia got a boost from the Finnish government, which has bought a 3.3 per cent stake in the Helsinki-based tech maker. Nokia is Finland’s largest company and Nokia ruled the global mobile phone market a decade ago and was a dominant economic engine for the country, providing 4 percent of its GDP and 20 percent of its exports. The collapse of Nokia’s former phone business was a major reason for Finland’s decade of stagnation from which it is only just recovering. Is the Finnish giant wake up?

[Pavel + 384]

It was long time ago when Nokia and Ericsson ruled the world.... Comeback on the top is always much harder than to win top for the first time.