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Nokia says handset business sale to Microsoft completed [April 26, 2014] HELSINKI (Reuters) — Nokia on Friday said the sale of its once-dominant handset business to Microsoft has been closed after the companies agreed to leave two factories in India and Korea out of the deal. |
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The company said that it now expected the final
sales price to rise slightly above the previously announced 5.44
billion euros ($7.52 billion). Nokia said that due to an ongoing tax dispute with Indian
authorities, it would operate the Chennai factory as a contract
manufacturing unit for Microsoft. It also said it will close a plant in Masan, Korea, which about
200 staff. Nokia added its board of directors was due to meet early next
week in relation to the company's strategy assessment. A media report earlier on Friday said Nokia would outline its
new strategy on Tuesday along with its first-quarter results,
and that it would also nominate Rajeev Suri, the head of NSN, as
the new group CEO. ($1 = 0.7236 euros) (Reporting by Jussi Rosendahl) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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