FILE PHOTO: The logo of Nokia is seen before the company's news conference in Espoo, Finland March 2, 2020. Lehtikuva/Markku Ulander via REUTERS
HELSINKI - Nokia drew a 500-million euro loan from the European Investment Bank on Feb. 24, according to its annual report released late on Thursday to the U.S. Securities and Exchange Commission. The Finnish telecom equipment maker said the R&D loan facility agreement with the EIB, which has an average maturity of approximately five years after disbursement, was signed in August 2018 and was available until last month.
Nokia’s finances have been in focus since late 2019 when the firm halted dividend payouts and said it would need to invest more than it had expected in development of its 5G equipment.
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Stock market live updates: Sell-off intensifies, Dow set for 500-point drop, 10-year sinksAfter plummeting on Thursday, stocks' roller-coaster week is set to continue with U.S. stock futures pointing to sharp losses at the open. Good morning permabull charlatans how are you doing this fine morning. Best regards to all your talking head numpties especially Cramer and his never failing best oscillator in the world This is the begining one bright side to all this. If the US would refinance the $23 trillion of debt at 1%, that would reduce annual debt payments to about $230 billion. Manageable with our current growth.
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