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Thursday, July 31, 2008

Nokia Wants to Put $150 million More Investment in Venture Capital Arm for Emerging Markets Like India and China

Nokia, one of the global mobile phone makers, has decided to scale up their investment in the emerging markets like India and China through Nokia’s Growth Partners. In order to increase the investment in the emerging markets, Nokia has kept additional $ 150 million in its private equity and venture capital sections. The company will also increase the amount of investment for the U.S. and European markets.

The mobile phone maker will also focus on innovation in software and services. Nokia wants to create innovative applications and services that will lead to rapid mobile solutions. The mobile phone maker is also interested to mobile payments, mobile advertising, music and entertainment.

Nokia is one of the leading mobile phone manufacturers in the world and they have a huge market share in many emerging countries. Now, the company seems to be interested to invest more in the emerging markets like India and China so that they can continue winning market shares in these markets in future.

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