EU clears Microsoft Nokia mobile phone deal

December 4, 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: Microsoft mulled buying Nokia unit

Related Stories

Microsoft mulled buying Nokia unit

June 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

October 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)

November 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 software and is ...

Recommended for you

New method analyzes corn kernel characteristics

November 17, 2017

An ear of corn averages about 800 kernels. A traditional field method to estimate the number of kernels on the ear is to manually count the number of rows and multiply by the number of kernels in one length of the ear. With ...

Optically tunable microwave antennas for 5G applications

November 16, 2017

Multiband tunable antennas are a critical part of many communication and radar systems. New research by engineers at the University of Bristol has shown significant advances in antennas by using optically induced plasmas ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.