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Qualcomm and Teleepoch Enter Into a 3G CDMA Subscriber Unit License Agreement, October 6, 2007

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Finnish Gov not to blame for expensive licenses

September 3, 2002

The Finnish government on today cleared itself of responsibility over expensive 3G cell phone network investments made by Sonera, Finland's largest telecom that is 53-percent state-owned.

Speaking at the opening of the fall session of Parliament, Prime Minister Paavo Lipponen said Sonera's management was responsible for deciding in 2000 to spend 4.3 billion euros (dlrs 4 billion) on 3G network licenses in Germany and Italy.

"The government had nothing to hide nor does it have anything to hide now concerning this question," Lipponen said. "The government did not discuss this matter."

Lipponen conceded that lawmakers and the government had "accepted a strategy concerning Sonera that included international risk taking," but he said the investment decisions were made inside the company.

He also admitted that Sonera had made a mistake in investing more than twice its annual net sales on the new technology.

 


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