Nokia-Mi­crosoft Deal Re­ceives Reg­u­la­tory Ap­proval from China Govt

Voice&Data - - ANALY S I S -

Nokia has re­ceived reg­u­la­tory ap­proval from the Min­istry of Com­merce of the Peo­ple’s Repub­lic of China for trans­fer of its de­vices and ser­vices business to Mi­crosoft.

As pre­vi­ously com­mu­ni­cated, the clos­ing of the trans­ac­tion, which was an­nounced on Septem­ber 3, 2013, was sub­ject to reg­u­la­tory ap­provals and other cus­tom­ary clos­ing con­di­tions.

“Nokia and Mi­crosoft have now re­ceived reg­u­la­tory ap­provals from the Peo­ple’s Repub­lic of China, the Euro­pean Com­mis­sion, the US Depart­ment of Jus­tice and nu­mer­ous other ju­ris­dic­tions,” the company said in a state­ment. Nokia and Mi­crosoft, both company con­tinue to ex­pect the trans­ac­tion to close in April 2014. In ad­di­tions, the reg­u­la­tory ap­proval process has in­volved a thor­ough re­view of Nokia’s patent li­cens­ing prac­tices by sev­eral com­pe­ti­tion au­thor­i­ties around the world. Dur­ing that process, no au­thor­ity has chal­lenged Nokia’s com­pli­ance with its FRAND un­der tak­ings re­lated to stan­dard­essen­tial patents ( li­cens­ing on fair, rea­son­able and non- dis­crim­i­na­tory terms) or re­quested that Nokia make changes to its li­cens­ing pro­gram or roy­alty terms.

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