Nokia shareholders approve mobile phone sale to Microsoft

GMT 13:20 2013 Tuesday ,19 November

Arab Today, arab today Nokia shareholders approve mobile phone sale to Microsoft

Arab Today

Finnish telecom company Nokia announced Tuesday that its shareholders had approved the 5.44 billion euro ($7.35 billion) sale of its mobile phone division to US software giant Microsoft. According to Nokia -- which will now become a telecom equipment and services company -- the deal was almost unanimously approved (99.7 percent) by shareholders who voted ahead of an extraordinary meeting in Helsinki.

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