Nokia comments on the tax dispute in India; has no effect on the timing or the material terms of the planned sale of the Devices & Services business to Microsoft

Source: Nokia Press - Press Releases - February 14, 2014 

Nokia comments on the tax dispute in India; has no effect on the timing or the material terms of the planned sale of the Devices & Services business to Microsoft

Espoo, Finland - Nokia would like to stress that recent developments in India related to ongoing tax proceedings are not expected to affect the timing of the closing nor the material deal terms of the anticipated transaction between Nokia and Microsoft, announced on September 3, 2013.

The transaction is still expected to close in the first quarter of 2014, subject to regulatory approvals and other customary closing conditions, irrespective of the proceedings in the Indian tax case.