EU clears Microsoft Nokia mobile phone deal

Dec 04, 2013
The European Commission approved on Wednesday Microsoft's nearly 5.5-billion-euro takeover of the mobile phone business of Finland's Nokia which once dominated the global industry

The European Commission approved on Wednesday Microsoft's nearly 5.5-billion-euro takeover of the mobile phone business of Finland's Nokia which once dominated the global industry.

The acquisition does "not raise any competition concerns, in particular because there are only modest overlaps between" the two companies, the Commission said in a statement.

The links that do exist between existing Microsoft activities and Nokia's smartphone devices "are unlikely to lead to competitors being shut out from the market," it said.

In smartphones and tablets, the two companies face "several strong rivals, such as Samsung and Apple (who) will continue to compete with the merged entity," it said.

Software giant Microsoft would also have little incentive to restrict use of its Windows operating system for other device makers or of its , it said.

Once the world leader in mobile phones, Nokia lost its top place to South Korea's Samsung in 2012, especially as its rivals took the lead in the key smartphone market.

Explore further: Nokia shareholders approve mobile phone sale to Microsoft (Update)

add to favorites email to friend print save as pdf

Related Stories

Microsoft mulled buying Nokia unit

Jun 19, 2013

Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.

Nokia to unveil Windows phone next week

Oct 20, 2011

Microsoft said Thursday that Nokia is going to launch phones using Windows' new mobile operating system next week, giving a major boost to the US firm's come-from-behind phone software business.

Ex-Nokia engineers launch new smartphone (Update)

Nov 27, 2013

Engineers who used to work for Nokia are hoping to grab a share of the lucrative and highly competitive smartphone market with a new handset, which is based on the former world No. 1 cellphone maker's old ...

Recommended for you

Turner channels removed from Dish amid pact spat

23 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

Oct 21, 2014

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

User comments : 0