Factory “Nokia” in India will not include within its deal with “Microsoft”




She said the company “Nokia” and today it is because of the tax dispute in progress on the plant, located in the city, “Chennai” India, it is unlikely that this includes the factory within the acquisition agreements between them and the company, “Microsoft” and scheduled to be completed on Friday.

According to a spokeswoman for the Indian unit of the company “Nokia” on Thursday that the company will operate the plant – which is being a manufacturing mobile phones – after the completion of the transaction, which was announced last year, as a unit for the manufacture of a contractual “Microsoft.”

She added, “It is highly unlikely that the plant is being transferred to the ownership of Microsoft, given that the deal will be closed tomorrow,” She added, “If it is being transferred assets, Fsndkhal in a service agreement with Microsoft.”

The reason for the lack of transfer of assets so far that “Nokia” has not yet agreed to conditions set by the Indian court, including the payment of a guarantee for dues potential tax dispute company with the Indian authorities, and before that being the transfer of ownership the factory to the “Microsoft” . It is reported that the plant, which “Nokia” which employs about 6,600 employees, is one of the largest factories in the world.

The lawyers “Nokia” has told the court, “Delhi” Supreme previously that the company can operate the plant as a manufacturing contract in the event were not allowed to transfer ownership to the company, “Microsoft”, but not for more than a period of 12 months from the date of closing of the transaction, worth 7.5 billion dollars.

The company announced the “Microsoft” he said yesterday officially for the completion of all legal and financial steps necessary to complete the acquisition agreement with “Nokia” and announced in September / September.

The company said, in A statement, the service sector and manufacturing portable devices with “Nokia” will become a part of it officially next Friday, and approved April 25 / April.

And intends to “Microsoft” plans to modify the name of the sector portable devices with “Nokia” As soon as the acquisition was to “Microsoft Mobile” Microsoft Mobile, where it is the acquisition of that one corner of the strategy of the company’s new shift to the company for the smart phone industry with the aim of increasing the share of the operating system its “Windows Phone “in the market.
Related Topics:



In: Technology & Gadgets Asked By: [15576 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »