10 years ago mobile was an incredibly hot industry. In December 2000 the market cap of Nokia was around 200 billion, roughly comparable to the likes of Intel or

10 years ago mobile was an incredibly hot industry. In December 2000 the market cap of Nokia was around 200 billion, roughly comparable to the likes of Intel or Microsoft. Just a few months before telecoms had bled themselves dry in the German 3G frequency auction, seriously believing that the rights were worth tens of billions.