Monday, 05 December 2016

Nokia, Microsoft delay closure of deal

By Mary Lennighan, Total Telecom
Monday 24 March 14

Finnish vendor waiting for approvals from Asian regulators, expects to close sale of handsets business in April.

Microsoft's planned €5.44 billion acquisition of Nokia's mobile phones business will not close this quarter after all, it emerged on Monday. The companies have pushed back the completion date to April, since Asian authorities are still examining its implications, Nokia announced. The delay has nothing to do with its ongoing tax issues in India…

Microsoft's planned €5.44 billion acquisition of Nokia's mobile phones business will not close this quarter after all, it emerged on Monday. The companies have pushed back the completion date to April, since Asian authorities are still examining its implications, Nokia announced. The delay has nothing to do with its ongoing tax issues in India…

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