Microsoft now bought Nokia mobile manufacturing unit

nokia and Microsoft deal

Nokia Mobile manufacturing Unit agreement

Microsoft has bought the Nokia Mobile phone maker unit in $ 7.44 billion. After this business agreement Nokia to stops make mobile phones more.

Microsoft’s chief executive Satya Nadella said, ‘today we give Nokia’s devices and services business are welcome in our family’. “He added that the ability to create mobile and other assets will help us to develop.”
nokia and Microsoft deal b

Microsoft to buy Nokia’s mobile phone maker unit was announced in September last year. The two companies said in a joint statement that the sale will be completed in early 2014 when Nokia’s thirty-two thousand employees will be moving to Microsoft.

Two Nokia units are not included in this Agreement

Nokia’s two production plants are not included in the trade agreement. Chennai, India is one of them which would probably freeze the assets of the Indian tax authorities Masan second plant in South Korea, which is Nokia itself off.

Finland-based Nokia company networks, technology development and other related services will focus on.

former nokia chief executive stephen elop Microsoft have become the devices group’s executive vice president. The Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Microsoft Surface and perspective packed cell (PPI) will be in charge of the product.

Author: Zeeshan Tariq

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