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posted by mrpg on Wednesday August 29 2018, @09:00AM   Printer-friendly
from the I-don't-even-know-4G dept.

The European Union reckons 5G R&D needs a boost – so it has slung a loan of €500m in the general direction of Finland.

Nokia, recipient of the loan from the European Investment Bank (EIB) and the European Fund for Strategic Investments (EFSI), hasn't identified specific goals for its development effort.

However, EIB president Alexander Stubb told Finnish newspaper Helsingin Sanomat that Europe needs to catch up with the countries it sees as the powerhouses of 5G – China and the USA.

[...] The loan comes in a climate increasingly hostile to Chinese giant Huawei, which is viewed with suspicion by the UK and US, and subject to an outright ban on competing for 5G projects in Australia.


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  • (Score: 1, Insightful) by Anonymous Coward on Wednesday August 29 2018, @09:51AM (4 children)

    by Anonymous Coward on Wednesday August 29 2018, @09:51AM (#727736)

    Nokia was finding it's feet in the smartphone market before a Microsoft plant ruined the company. Now they're just a FoxConn brand name and we wonder why the EU is loaning tax revenue to a Chinese manufacturing giant.

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  • (Score: 1, Informative) by Anonymous Coward on Wednesday August 29 2018, @10:09AM (3 children)

    by Anonymous Coward on Wednesday August 29 2018, @10:09AM (#727739)

    Nokia produces network gear, the Nokia phones are made by HMD Global. Nokia is not just producing physical products, but do heavy R&D also.

    • (Score: 2, Informative) by pTamok on Wednesday August 29 2018, @10:52AM

      by pTamok (3042) on Wednesday August 29 2018, @10:52AM (#727749)

      Nokia Oyj licensed the Nokia brand to HMD Global for the mobile phones. Nokia Oyj are not in the mobile phone handset business now, but are in the mobile phone infrastructure business (base stations etc), as well as the other lines of business they have [wikipedia.org]. As well as not making mobile phones, they no longer make rubber boots or toilet paper, much like IBM no longer manufactures coffee grinders, meat slicers, and weighing machines.

    • (Score: 0) by Anonymous Coward on Wednesday August 29 2018, @12:02PM (1 child)

      by Anonymous Coward on Wednesday August 29 2018, @12:02PM (#727783)

      Nokia produces network gear

      s/produces/assembles

      The factories in Finland and Brazil are little more than assembly plants for Asian manufactured parts are they not?

      • (Score: 0) by Anonymous Coward on Wednesday August 29 2018, @07:36PM

        by Anonymous Coward on Wednesday August 29 2018, @07:36PM (#727965)

        Like i said, heavy R&D on which their products are based on. I think it's irrelevant here, where each component is made.