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PhotoNews Pakistan > Tech > Fallen giant Nokia finalises handset deal with Microsoft
Tech

Fallen giant Nokia finalises handset deal with Microsoft

Web Desk
By Web Desk Published April 26, 2014 1 Min Read
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The Finnish telecom giant Nokia completed the sale to Microsoft of its once iconic handset business on Friday, leaving factories in India and Korea out of the deal.

The company said that the value of the transfer announced in September, would be “slightly higher” than the earlier quoted price of 5.44 billion euros ($7.52 billion).

The final figure would be decided on the basis of “the verified balance sheet”, it said in a statement.

Nokia was the world leader in mobile phones until it was challenged by Apple’s iPhone in 2007 and later Samsung.

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