Jump to navigation
nokia lumia 1020 tri

Microsoft’s multi-billion pound deal for Nokia’s devices and services business has cleared its final regulatory hurdle, after getting the seal of approval from the European Commission.

In a brief statement, the EC said: “The Commission concluded that the transaction would not raise any competition concerns.”

It comes just a day after the Department of Justice in Washington D.C. gave the thumbs up to the deal across The Pond. It now means that Microsoft will have its own smartphone brand and will develop Windows Phones for release from 2014 onwards.

For Nokia, it represents the end of the road as a mobile-maker. The company will continue with its Networks and Solutions business, but will no longer make handsets.

Instead, Microsoft will look to use the company’s impressive array of phones to make inroads into Google and Apple’s seemingly imperious lead in the smartphone space.

Source:

Reuters

Join the conversation

comments powered by Disqus

Stay up to date

  • Google+ Follow uSwitchTech
  • Subscribe to our RSS feed

Latest Comments

  • Jojo 5 hours ago Orange and T-Mobile are no more.... I'm due an upgrade on my orange account. EE say they won't offer me one unless I sign up to a higher...
  • Riaz 6 hours ago Microsoft Lumia 640 review The Lumia 435 has a Snapdragon 200, not a Snapdragon 400 like the Lumia 640. Not quite sure how the Moto E...
  • Dadamo 3 days ago Android Auto rollout begins The two Japanese company Pioneer and Kenwood are the first to announce car stereos compatible Android...

Search news

Categories