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Nokia to spend £430 million on making Symbian more competitive

European Investment Bank to stump up the cash

Nokia to spend £430 million on making Symbian more competitive
If there’s one thing Nokia ought to do when promoting its mobile gaming systems more effectively, it should be to stop whispering about its developments. You could almost believe Nokia is ashamed of the N-Gage and recently acquired Symbian platforms.

It quietly announced at the World Mobile Congress that the European Investment Bank had granted it a €500 million loan (around £430 million in real money) for a three year research and development project to make the Symbian platform ‘more competitive’.

Nokia suggests this period of research will also benefit the work of the Symbian Foundation ( a ‘non-profit entity being set up by Nokia and its industry partners to develop a unified software platform with a single user interface framework’) and its development of open-source software for mobile devices.

Yes. Spanner's his real name. And, yes, he's heard that joke before.