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Posts with tag subsidies

Germany wants $6.2 million in research subsidies back from Nokia

by Darren Murph, posted Mar 17th 2008 at 8:20AM

As if being on the hook for $92 million wasn't enough, Nokia is now being chased down for what looks to be another €4 million or so, which comes out to just over $6.2 million. This time, the German government is "demanding" that Nokia repay said amount in research subsidies now that it is closing its factory in Bochum. Reportedly, the German Research Ministry gifted the cellphone maker with €4 million in order to "fund four separate research projects dealing primarily with new antennae and wireless transmission technology," and now it's asking Nokia to "explain by early April which patent filings resulted from the projects and which German production or research sites benefited from the results of the projects." So much for basking in the glory of Q4, eh?

[Via IntoMobile, image courtesy of Reuters]

German state after $92 million in subsidies, interest from Nokia

by Darren Murph, posted Mar 11th 2008 at 5:38PM

Looks as if Nokia's going to be using a portion of that gigantic profit it raked in during Q4 to appease NRW.Bank -- unless a meeting it hopes to establish within the next few days changes matters, that is. Apparently, a German state has "asked" the handset maker to hand back government-issued subsidies (with interest, no less) that it received to build a cellphone factory in Bochum which it now plans to close. In sum, Nokia's looking at a tab of $92 million, as the folks in the industrial Ruhr region are none too pleased about what will likely result in the loss of some 2,300 jobs. Purportedly, the cash is due by March 31st, and if Nokia refuses to comply, the bank has stated that it will "take legal action to secure payment." Them's fightin' words there.

Singapore makes WiFi free, adds computer subsidies

by Cyrus Farivar, posted Oct 13th 2006 at 11:31AM

Remember how Singapore was going to provide WiFi for most of the island nation? Well, it looks like they're taking that one step further by taking the S$100 million ($63 million) cost to the government, eating it, and giving free access (for the next two to three years) to the laptop-toting public. Further, the government will provide subsidies on computer purchases for low-income families -- according to The Straits Times, families that earn less than S$200 ($125) a month can purchase a computer for S$285 ($179). Why can't we get such forward-thinking policies over on this side of the Pacific?

[Via MuniWireless]
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