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Microsoft acquires Nokia phone sector
Nokia will continue to develop a number of its services after the completion of the transaction
The Finnish company Nokia announced today that it reached an agreement with the American company Microsoft to Microsoft’s acquisition of all Nokia related devices and services in addition to obtaining a license to use patented invention versus 5.44 billion euros.
Nokia predicted that the completion of the transaction in the first quarter of 2014, after obtaining the approval of the shareholders in the company, and the required legal approvals.
The company said it and after the completion of the sale process will continue to focus on developing three products current, all of the network services and infrastructure NSN, maps and their positioning HERE, and will continue to work to develop the sector of technical development and licensing. The company confirmed that the transaction has completed, would contribute to strengthening Nokia and in providing a solid basis for further investment in these three sectors.
Nokia said in the press release published on its website, that Microsoft will get under the deal on the entire company works on the development of devices and services, including the two mobile phones and smart devices to all offices and factories specialized in the production of services, products, and sales and marketing support.
The company noted that upon completion of the transaction, approximately 32,000 employees will move from Nokia to Microsoft, including some 4,700 employees in Finland.
As part of this process, Nokia will give Microsoft a non-exclusive licence of 10 years to use the patented invention, in return, Microsoft will grant reciprocal rights to Nokia maps HERE. In addition Nokia will give Microsoft the option of extending the Patent Convention.
In addition, Microsoft will be in accordance with the Convention’s strategic partner license platform HERE, Nokia will pay separately for a license to use the service for four years, where will Microsoft upon completion of the deal is one of the top three customers for the service HERE.
The deal also included a 10-year agreement, Microsoft agreed to use the Nokia commercial on current products from cell phones, Nokia will continue to own and maintain the brand.
The Nokia has entered a strategic alliance with Microsoft since February of 2011, through the adoption of Microsoft Windows operating system iPhone on telephone as an alternative to Symbian in its handsets with high specifications.
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