Nokia ups Symbian stake

9 Feb 2004

Nokia is to take control of operating system (OS) developer Symbian by upping its holding in the company to 63.3% with the purchase of a 31.1% stake from PDA manufacturer Psion. Nokia, Sybian’s largest customer, will pay an estimated GBP135.7 million (USD252.2 million) for the stake in installments over the next two years. The deal can be seen as a show of intent by the world’s biggest handset vendor to pitch itself in direct battle with Microsoft for the mobile phone OS market.