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Nokia announces the completion of the sale of telephone sector for Microsoft



Microsoft: capabilities and assets provided by Nokia in the mobile phone that will improve our development strategy
Microsoft: capabilities and assets provided by Nokia in the mobile phone that will improve our development strategy
Finnish group Nokia Telecommunications announced Friday the sale of the production of mobile phones sector has to US computer software giant Microsoft
The estimated value of the deal, which was announced in September it first / last September at about 5.44 billion euros ($ 7.2 billion), but Nokia said that the final price may increase slightly in the light of the last-minute amendments to the terms of the deal
The deal consists of the sectors of mobile phones and services, valued at 3.79 billion euros, and Nokia's patents worth 1.65 billion euros
CEO of Microsoft Satya Nadela said in a statement: "Today we welcome a company Nokia Devices Land Services in our family, capabilities and assets offered in the field of mobile phone that will improve our development strategy
It was decided to set Nokia Chief Executive Stephen Ailub in the position of Executive Vice Chairman of the Group, "Microsoft Devices Group," which includes smart phones and tablet computer "Nokia Lumia", and phones Nokia mobile device Xbox video games and computer tablet
Nokia announces the completion of the sale of telephone sector for Microsoft
Nokia announces the completion of the sale of telephone sector for Microsoft
Sorvis
Microsoft and Nokia have been exceeded during the current month has been a major obstacle in the way of completion of the transaction, which is to obtain the approval of the Chinese Ministry of Commerce on the deal.
Nokia was at the time the largest producer of times for mobile phones in the world, but its sales began to fall sharply with the emergence of a generation of smart phones and control of companies such as Apple and Samsung on the new market
With the completion of the transaction Finnish company Nokia will include only the infrastructure for communications networks and services sector (if the feed), and the sector of digital maps (HP IRI), is scheduled to be Nokia's first quarter of the current year's results to be announced on Thursday
Nokia said that its factories in the Indian city of Chennai and Masan, South Korea will not be passed on to the possession of Microsoft, and works in Masan plant about two hundred workers and Nokia plans to lock it. It is scheduled to Chennai and Masan workers get support from the company if they decide to seek employment outside the Nokia
Source: German

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