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July 26, 2012 9:35 AM GMT
Struggling Finnish cellphone maker Nokia has scrapped a software project which it had hoped would be a rival to mass-market Google Android phones, three sources with direct knowledge of the company's plans said.
Nokia was hoping the Linux-based software platform, code-named Meltemi, would replace its ageing Series 40 software in more advanced feature phones, but has killed the project as part of its massive cost-cutting drive.
Scrapping the platform means Nokia will risk losing its strong position in the mass-market -- where phones are priced at $100-$200.
Nokia declined to comment.
(Reporting by Tarmo Virki. Editing by Jane Merriman)
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