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Nokia's share price drops after Indian tax raid

Posted By TelecomTV One , 10 January 2013 | 0 Comments | (0)
Tags: Nokia India tax

More bad news for the Finnish phone maker. By Anne Morris.

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Nokia saw its shares decline further this week after Indian tax officials raided the Nokia factory in Chennai, India, apparently looking for unpaid taxes amounting to $545 million (€418 million).
 
The handset maker has been banking on its new line-up of Windows Phone 8-based smartphones to revive its fortunes, and although adoption of the new Lumia 800 and 920 devices has been encouraging the Finnish company is still in a fragile position.
 
FierceWirelessEurope Nokia's share price drops after Indian tax raid, TelecomTV content partner.

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