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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: 49thMIMOMander who wrote (21630)8/11/2002 11:03:29 AM
From: carranza2  Read Replies (1) | Respond to of 34857
 
"There will not be a role for us subsidizing. That would not be in line with our historic role," Ollila said.>

Isn't 150% financing on infrastructure a subsidy?



To: 49thMIMOMander who wrote (21630)8/12/2002 7:53:58 AM
From: elmatador  Read Replies (1) | Respond to of 34857
 
NOK and MOT provided vendor financing, thus subsidizing, the Turkish operator Telsim. And they are not seeing the money.



To: 49thMIMOMander who wrote (21630)8/12/2002 8:44:23 AM
From: elmatador  Read Replies (1) | Respond to of 34857
 
NOK had more than $3.5 billion in credit commitments to carriers. In a one-week lending binge, it lent nearly $2 billion to Hutchison 3G and Orange. All told, the nine largest manufacturers of telecom equipment had more than $25 billion at risk in vendor finance by summer 2001, according to McKinsey & Company, an IT consultancy.


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