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Nokia pumps up VC arm with $150M

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Published July 31, 2008 at 1:14 PM


Nokia Oyj [NOK] on Thursday, July 31, stepped up its venture investing to get a better foothold in upstart companies in the explosive markets of China and India.

The Finnish wireless telecom said it would pump $150 million into its Nokia Growth Partners, boosting cash under management at its private equity wing to $250 million.

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