Nokia Clarifies Impact of Indian Tax Proceedings on Microsoft Deal

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17th February 2014
Nokia have felt the need to quell rumours over the proposed sale of the Devices & Services business to Microsoft with regards the recent developments in India related to on going tax proceedings.

Nokia has stressed that the sale will still go ahead and the planned completion time of the first quarter 2014 is still well within their sights. The deal also remains unchanged with regards the material assets and will still be subject to regulatory approvals and other customary closing conditions.

Nokia Corporation is a Finnish communications and Information Technology company. Their headquarters are based in Espoo, Finland. Nokia is best known for its mobile and smartphone ranges and was the world's largest supplier of mobile phones from 1998 to 2012.

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