Microsoft's acquisition of Nokia's mobile handsets business will close in the next few weeks as planned, despite difficulties surrounding Nokia's tax position in India, the Finnish vendor announced late last week.
"Recent developments in India related to ongoing tax proceedings are not expected to affect the timing of the closing nor the material deal terms of the anticipated transaction between Nokia and Microsoft," Nokia said in a statement on Friday.
"The transaction is still expected to close in the first quarter of 2014, subject to regulatory approvals and other customary closing conditions, irrespective of the proceedings in the Indian tax case," the vendor added.
Nokia issued the statement after its tax battle in India took another turn.
Last week Nokia reportedly said it is challenging a new Indian court ruling that governs the way it pays taxes in the country. Unless it resolves the tax issue, Nokia could be prevented from transferring certain assets to Microsoft, including one of its biggest mobile phone plants in Chennai.