• Home
  • About Us
  • Schedule
  • News
    • Citi Sports
    • Citi Business
  • Citi TV
  • Audio On Demand
  • Events
Citi 97.3 FM - Relevant Radio. Always
No Result
View All Result
Citi 97.3 FM - Relevant Radio. Always
  • Home
  • About Us
  • Schedule
  • News
    • Citi Sports
    • Citi Business
  • Citi TV
  • Audio On Demand
  • Events
Citi 97.3 FM - Relevant Radio. Always

Microsoft completes Nokia phone deal

April 26, 2014
Reading Time: 1 min read
Microsoft completes Nokia phone deal

The sale will see the end of production of mobile phones by Nokia.

Share on FacebookShare on TwitterShare on Whatsapp

Microsoft has completed its purchase of Nokia’s mobile phone business for 5.44bn euros ($7.5bn; £4.5bn).

The deal between the two firms should have been completed earlier this year but it was delayed by a hold-up in regulatory approvals.

The sale will see the end of production of mobile phones by Nokia.

“Today we welcome the Nokia devices and services business to our family,” said Microsoft chief executive Satya Nadella.

“The mobile capabilities and assets they bring will advance our transformation.”

The Finnish company will now focus on networks, mapping services and technology development and licences.

Two Nokia plants will remain outside the deal – a manufacturing unit in Chennai, India, subject to an asset freeze by Indian tax authorities, and the Masan plant in South Korea, which it plans to shut down.

Former Nokia chief executive Stephen Elop has become executive vice president of the Microsoft devices group, in charge of Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Microsoft Surface, and Perceptive Pixel (PPI) products.

 

Credit: BBC

Tags: Dr. Akwasi OseiPalaver Newspaper
Previous Post

Police committed to maintaining Law & Order – IGP

Next Post

Big Issue, Saturday, 26th April, 2014

  • About Citi FM
  • Archives
  • Audio on Demand
  • CITI OPPORTUNITY PROJECT ON EDUCATION (COPE)
  • Events
  • Heritage Caravan: Registration Form
  • Home
  • Schedule
Call us: +233 30 222 6013

© 2024 Citi 97.3 FM - Relevant Radio. Always

No Result
View All Result
  • Home
  • About Us
  • Schedule
  • News
    • Citi Sports
    • Citi Business
  • Citi TV
  • Audio On Demand
  • Events

© 2024 Citi 97.3 FM - Relevant Radio. Always