Nokia/Microsoft deal cleared in China, says Nokia’s solicitors, but may close without Indian division


Speaking to the court in India, Nokia’s solicitors has told the court that the bureaucratic hitches in China have been resolved, and that the deal between Microsoft and Nokia to purchase Nokia’s handset division will close in 20 days reports the Business Standard.

Last we heard Samsung and Google were petitioning for special conditions and patent licensing guarantees to be imposed on Nokia and Microsoft.  It is not clear if these were indeed agreed to or not.

In India Nokia is embroiled in a tax dispute with the Indian Government, and there is a potential for the deal to close without Nokia India being included.  Nokia India is about 9% of Nokia’s business.  The Indian government claims Nokia is undervaluing the Indian business, which includes manufacturing plants which provide 8000 jobs.

Nokia claims the Indian division is worth around $ 360 million, and their counsel has said if the government could get a better price, it was welcome to take over it.

“There is no sham or dishonesty; the unit either goes to Microsoft or down the drain.”

Via NPU.

Some links in the article may not be viewable as you are using an AdBlocker. Please add us to your whitelist to enable the website to function properly.