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Nokia axes investor payout despite ringing up profits

The company ended the year with net cash of �4.4 billion. Picture: Getty

The company ended the year with net cash of �4.4 billion. Picture: Getty

  • by Perry Gourley
 

FINNISH mobile phone giant Nokia plans to axe its annual dividend for the first time in more than 20 years to shore-up its cash position as it battles falling sales.

 

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