Nokia's share price drops after Indian tax raid

Jan 10, 2013

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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