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Wireless

Microsoft completes acquisition of Nokia phone business

Friday 25 April 2014 | 14:17 CET | News
Nokia has completed the sale of substantially all of its mobile phones business to Microsoft. The transaction, which also includes an agreement to license patents to Microsoft, was first announced in September 2013. At closing, the price was adjusted somewhat in Nokia's favour and is expected to be slightly higher than the earlier-announced EUR 5.44 billion, Nokia said. The final deal also excludes Nokia's manufacturing facilities in Chennai in India and Masan in Korea. The Indian site remains subject to a tax dispute with the local authorities. Nokia has agreed to continue to provide

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Categories: Mobile & Wireless
Companies: Microsoft / Nokia
Countries: World
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i want to know about your websites
mohamed nowfal @ 25/4/2014 - 15:57


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