Shearman & Sterling advised Nokia Corporation in relation to a new €500 million financing it has entered into with the European Investment Bank.

Nokia will use the loan to further accelerate its research and development of 5G technology, the next-generation mobile telecommunication standard.

The loan is supported by the European Fund for Strategic Investments (EFSI), a key element of the European Commission's Investment Plan for Europe.

Team
    Mei Lian
    Tom Berisford