Nokia will continue to produce phones for Microsoft in its factory in India
The acquisition of business products and services Nokia Microsoft today officially been completed. Of the two companies common information, it became clear that two of the factory of Nokia in Asia will remain the property of the company, and one of them Finns will continue to produce mobile phones for Microsoft.
Due to issues with the Indian government unpaid taxes from the factory of Nokia in India, the asset was not part of the deal with Microsoft, so it will remain the property of the Finns.
Nokia and Microsoft have agreed that the former will continue to produce mobile devices Lumia and Asha for the new owners of the telephone business, but the validity of this partnership are not listed. Other Nokia factory in Masan, South Korea, too, will not pass into the possession of Microsoft, and they are planning to shut it down, freeing 200 of their employees.
They also found that although not included in the transaction assets, Microsoft will pay Nokia a few more than originally announced 5.44 billion euros.