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Nokia draws $560 million R&D loan for 5G

Nokia draws $560 million R&D loan for 5G

HELSINKI (Reuters) - Finnish telecoms equipment maker Nokia drew a 500 million euro ($561 million) loan last month to help it to accelerate development of 5G technology, its annual report shows. Nokia said that its R&D loan facility with the European Investment Bank (EIB), which has an average maturity of about five years after disbursement, was agreed

Nokia draws 500 million euro R&D loan from EIB

Nokia draws 500 million euro R&D loan from EIB

HELSINKI (Reuters) - Nokia drew a 500-million euro ($561 million) loan from the European Investment Bank (EIB) 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