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Nokia has signed a memorandum of understanding (MOU) with the U.S. Export-Import Bank to study ways to expand U.S. jobs and investment, particularly in the Transformational Export Area[1][2]. The agreement aims to drive greater U.S. jobs and investment by providing financing to Nokia customers and partners acquiring its 5G products[2][3][4].
As the official export credit agency of the U.S., the Export-Import Bank will offer financing solutions to support the sale of Nokia's 5G equipment[3][4]. This framework agreement could help Nokia target a weakness in the U.S. market and boost its competitiveness[4][5].
Citations:
[1] https://www.nokia.com/about-us/news/releases/2024/05/21/nokia-and-export-import-bank-memorandum-of-understanding-on-us-jobs-investment/
[2] https://www.nasdaq.com/press-release/nokia-and-export-import-bank-memorandum-of-understanding-on-u.s.-jobs-investment-2024
[3] https://www.telecompaper.com/news/nokia-gets-backing-from-us-export-import-bank--1501198
[4] https://www.mobileworldlive.com/nokia/nokia-targets-us-weakness-with-exim-backing/
[5] https://www.tipranks.com/news/the-fly/nokia-export-import-bank-sign-mou-on-u-s-jobs-investment
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