UMTS: SONERA'S LICENCE FIASCO AN EMBARRASSMENT FOR THE FINNISH STATE.
An anonymous advisor suggested that Paavo Lipponen believes "investment in UMTS was a mistake, and that the Government can be accused of failing to monitor Sonera". Mr Lipponen has categorically rejected any direct responsibility in the specific case of Sonera's failure in third-generation mobile telephony in Europe, and in particular Germany, according to his advisor. Finance Minister Sauli Niinistoe was the first to concede that the Government had by default endorsed these investments.
--Sonera has incurred a charge of more than Euro 4 billion from the depreciation of its aborted investments in Germany. Sonera acquired a UMMTS licence in the...
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