Tag «Devices & Services business»

Nokia expects the sale of substantially all of its Devices & Services business to Microsoft to close in April 2014

Nokia Corporation March 24, 2014 at 08:00 (CET +1) Espoo, Finland – Nokia today announced that it now expects the transaction whereby the company will sell substantially all of its Devices & Services business and license its patents to Microsoft to close in April 2014. This compares with Nokia’s previous expectation on the transaction closing …

Nokia to sell Devices & Services business to Microsoft in EUR 5.44 billion all-cash transaction

Transaction expected to be significantly accretive to Nokia earnings. Nokia continues to develop, and sees significant value in, advanced technologies, its patent portfolio and Nokia brand. Nokia focusing on NSN, HERE and Advanced Technologies post-transaction. Each business a leading player in its respective segment. Nokia outlines changes to leadership and Board of Directors.   ESPOO, …