Nokia Changes Name to Microsoft Mobile within Days
Nokia's Devices and Services department is to become part of Microsoft on April 25 and will change its name to Microsoft Mobile.
The company acquiring Nokia's handset business revealed Monday the EUR 5.4 B deal would be complete within days, the Financial Times has reported.
The deal, which was announced in September 2013, needed to be given green light by global watchdogs and was therefore expected to be completed by March this year, but the deadline was later extended to end-April.
Regulatory approval of China was among the main reasons for the delay.
Microsoft hopes that acquisition which is to be finalized this week could accelerate innovation and market adoption for Windows Phones.
In the US, Microsoft is the third preferred operating system and currently leads on BlackBerry but lags behind Google Android and Apple's iOS.
- » S&P Downgrades UK Ratings, Revising Outlook
- » Bulgaria Should Host South Stream, Ex-President Says on Russia Visit
- » Plevneliev Hopes Bulgaria Will Become France's Preferred Outsourcing Destination
- » Trips of Bulgarians Abroad Increased by 16.8 % Y/Y in May
- » Bulgarian Tourism Minister Expects 10 % Increase in Tourist Numbers This Summer
- » Bulgaria's FinMIn Foresees No Serious Impact of Brexit