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Nokia's demise will spur start-ups in Finland, says minister

Stubb hopes that the tax case on Nokia will be resolved soon. IT dept claimed Rs 13,000 crore as taxes on royalty paid to the parent company by the Indian unit

Alexander Stubb, Finland’s minister of foreign trade, uses a Nokia Lumia handset. The minister, who has been using the same brand for the last 20 years, says his country is very emotional about Nokia, its top technology giant. However, he is not disappointed at the sale of Nokia’s mobile handset business to American major Microsoft. “Earlier, there was one giant. Now, there are two giants in Finland — Nokia and Microsoft,” he says. Stubb said many engineers who were earlier employed at Nokia were now free, following downsizing at the company. “This ...