0
Wireless

EC set to clear Microsoft takeover of Nokia phones - report

Monday 25 November 2013 | 09:03 CET | News
Microsoft is set to secure unconditional EU regulatory approval for its proposed takeover of Nokia's mobile phone business, two people familiar with the matter told Reuters. The deal was first announced in September for EUR 5.4 billion, plus a 10-year licensing agreement to license Nokia's patent portfolio. "The (European) Commission is expected to clear the deal without conditions," one of the people said. The European Commission has set a 04 December deadline for its decision. Commission spokesman for competition policy, Antoine Colombani, declined to comment. Microsoft also declined to

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: European Commission / Microsoft / Nokia
Countries: Europe
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

US Justice Department clears Microsoft, Nokia deal

Published 03 Dec 2013 11:06 CET | World
Microsoft said that the US Justice Department has unconditionally approved its USD 7.2 billion takeover of Nokia's mobile handset ...

Microsoft to take over Nokia's landmark headquarters

Published 22 Nov 2013 11:49 CET | Finland
Microsoft will take over Nokia's headquarters situated in Espoo, just outside Helsinki, after the completion of the software ...

Nokia shareholders approve sale of handset business

Published 20 Nov 2013 09:08 CET | World
Shareholders of Nokia have approved the company's planned sale of its mobile handset business to Microsoft. Nokia said over 99 ...

Nokia draws down on Microsoft financing

Published 09 Sep 2013 08:58 CET | World
Nokia said it has decided to draw down on the EUR 1.5 billion financing option set forth in the recent deal inked with Microsoft. ...

Nokia to sell mobile phone business to Microsoft

Published 03 Sep 2013 08:24 CET | World
Microsoft has agreed to acquire the mobile phone business of Nokia for EUR 3.79 billion. In addition it will pay EUR 1.65 billion ...