Pakistan Defence
Finnish firm seals sale of mobile phone divisions to US company for $7.5bn, in sector where it was once a global leader.
Nokia has announced the completion of the $7.5bn sale of its troubled mobile phone and services division to US-based Microsoft, ending a chapter in the former world leading phone maker's history that began with paper making in 1865.
The Friday closure of the deal, which includes a license to a portfolio of Nokia patents, follows delays in global regulatory approvals and ends the production of mobile phones by the Finnish company, which had led the field for more than a decade, peaking with a 40-percent global market share in 2008.
Nokia sells mobile phone unit to Microsoft - Europe - Al Jazeera English
Nokia has announced the completion of the $7.5bn sale of its troubled mobile phone and services division to US-based Microsoft, ending a chapter in the former world leading phone maker's history that began with paper making in 1865.
The Friday closure of the deal, which includes a license to a portfolio of Nokia patents, follows delays in global regulatory approvals and ends the production of mobile phones by the Finnish company, which had led the field for more than a decade, peaking with a 40-percent global market share in 2008.
Nokia sells mobile phone unit to Microsoft - Europe - Al Jazeera English