HELSINKI – Nokia Corp. is planning to raise €750 million ($980 million) via an issue of bonds as part of an effort to build up its reserves ahead of next month's launch of phones running Microsoft's new Windows 8 software.
The launch is a hugely important event for the struggling cellphone maker, which has seen its stock plunge a further 5 percent to €2.04 by midday Tuesday in Helsinki.
Last week, Nokia posted a third-quarter net loss of €969 million as sales dwindled 20 percent to €7.2 billion. Its net cash assets fell to €3.5 billion, from €5 billion a year earlier, as it continued to struggle against the dominance of Samsung, Apple's iPhone and other phone makers using Google's Android software.
Fox News' "Antisemitism Exposed" newsletter brings you stories on the rising anti-Jewish prejudice across the U.S. and the world.