Nokia: Deal with Microsoft delayed

Comment on this story
NokiaLogo REUTERS A corporate logo is displayed at the Nokia flagship store in Helsinki.

Helsinki - Finnish telecom company Nokia on Monday said the sale of its handset business to US technology giant Microsoft would be delayed by a few weeks until April 2014.

Nokia said that it continued to make progress with Microsoft in the closing conditions and the integration planning, but was still waiting for the approval of “certain antitrust authorities in Asia which are still conducting their reviews”.

The European Commission already approved the takeover of the mobile phone business in December, seeing “only modest overlaps” between the two companies.

Once the world leader in mobile phones, Nokia lost its top place to South Korea's Samsung in 2012. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.