Finland acquires 3.3% stake in Nokia, but it's not about phones

Finland is buying 3.3% of Nokia at a cost of more than $1.04 billion (844 million euros) to increase the Finnish influence over the company that is now focused on the telecoms market. The Finnish Government used its investment arm Solidium to go carry out the deal...
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1. antroid

Posts: 357; Member since: Jan 24, 2018

It's too confusing when you have a few companies with the same name.


Posts: 2806; Member since: Oct 03, 2012

Nokia is huge, they have 102.000 employees. Many people think Nokia is only about phones......wile they do a lot more!

5. meanestgenius

Posts: 21006; Member since: May 28, 2014

Nokia is into more than just phones, as I’m sure some people are just finding out. Always a good thing to not have all of your eggs in one basket. With Nokia having its roots in Finland, I’m surprised the Finnish government hasn’t made this move to acquire a larger stake in Nokia sooner.

6. Subie

Posts: 2230; Member since: Aug 01, 2015

I bet if you said that Nokia even made car tires, 90% of the users here wouldn't believe you. Nor would they bother to do any research on the matter before typing.

8. meanestgenius

Posts: 21006; Member since: May 28, 2014

Totally true, Subie. People are just content to remain unaware, as opposed to doing research to broaden their own horizons. Ignorance truly is bliss.

7. Rafishant

Posts: 389; Member since: Oct 13, 2015

It is about time until Nokia acquires HMD Global. HMD Global is a temporary name that will widespread Nokia phones brand to the general public.

9. mootu

Posts: 1264; Member since: Mar 16, 2017

Nokia are actually banned from making or selling phones under the agreement of the Microsoft acquisition, hence the licencing of the Nokia brand name to HMD.

10. meanestgenius

Posts: 21006; Member since: May 28, 2014

That is no longer a thing. It wasn’t a “ban”, it was a deal put in place when Elop ran Nokia.

11. johnh3

Posts: 142; Member since: Aug 23, 2012

The restriction or ban was only 3 years. So that deal is now expired.

12. johnh3

Posts: 142; Member since: Aug 23, 2012

Microsoft also owned the whole Nokia feature phone business. But they let it go back to the real Nokia to.