HELSINKI, Tue Oct 23, 2012 – Mobile phone maker Nokia plans to raise 750 million euros ($980 million) by issuing convertible bonds to bolster its cash position as it battles to claw back market share lost to Apple and Samsung.
Once the world’s biggest mobile phone maker, the Finnish firm has fallen far behind Apple’s iPhone and Samsung’s Galaxy phones in the lucrative smartphone market, and is pinning its hopes for recovery on new models that go on sale next month.
With its
No comments:
Post a Comment