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Tag: completes
Microsoft completes $7.2B Nokia acquisition, will now attempt a messy transformation into a low-margin hardware company
2014-04-25 15:20:15| Extremetech
As of this morning, Microsoft officially owns Nokia's handset business. The deal cost Microsoft $7.2 billion, and in one fell swoop it turns the software company into one of the world's largest hardware companies, not only becoming the primary source of Windows Phone devices (the Lumia brand accounts for around 90% of all Windows Phones sold), but also taking on the hundreds of millions of low-end phones that Nokia currently produces for developing markets. But... now what?
Tags: company
hardware
microsoft
attempt
Microsoft completes acquisition of Nokia phone business
2014-04-25 14:17:00| Telecompaper Headlines
(Telecompaper) Nokia has completed the sale of substantially all of its mobile phones business to Microsoft. The transaction, which also includes an agreement to license patents to Microsoft, was first announced in September 2013. At closing, the price was adjusted somewhat in Nokia's favour and is expected to be slightly higher than the earlier-announced EUR 5.44 billion, Nokia said. The final deal also excludes Nokia's manufacturing facilities in Chennai in India and Masan in Korea. The Indian site remains subject to a tax dispute with the local authorities. Nokia has agreed to continue to provide Microsoft with devices from the site until the dispute is resolved and the assets can be transferred. For the Korean facility, which employs around 200 people, Nokia plans to end the activities. As part of the sale, Nokia executives Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen and Chris Weber will be transferring to Microsoft, as well as another 25,000 Nokia employees. Elop will head the mobile business at Microsoft, along with its Xbox games console and Surface tablet. Nokia said it plans a board meeting next week to consider its future strategy and more details will be discussed at its quarterly report on 20 April.
Tags: business
phone
microsoft
nokia
Siemens Completes DAS Trials at ENIF
2014-04-25 13:49:00| Railway Technology
Siemens Rail Automation has successfully completed a series of trials of its Driver Advisory System (DAS) at Network Rails' ETCS National Integration Facility (ENIF).
Tags: das
siemens
trials
completes
MegaFon completes Scartel integration
2014-04-25 02:00:00| Total Telecom industry news
Russian telco appoints new leader to head up LTE operation; operators sign network leasing agreement.
Tags: integration
completes
megafon
completes integration
B&G Foods completes acquisition of Specialty Brands of America
2014-04-25 01:00:00| Food Processing Technology
US-based B&G Foods has completed its acquisition of Specialty Brands of America and related entities from American Capital affiliates for around $155m in cash.
Tags: of
america
brands
specialty
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