Nokia Completes Mobile Phone Transfer To Microsoft
Nokia Corp.’s mobile phone operation has officially been transferred to Microsoft Corp., ridding the Finnish company of a business with legendary status in the telecom industry but that has suffered a brutal fall from grace in recent years. The transaction’s official closure, announced in a news release on Friday, puts an end to a long drawn process which started almost eight months ago, when Microsoft and Nokia first announced the €5.44 billion ($7.52 billion) deal.
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