Nokia expecting delay in closure of Microsoft deal

Mar 24, 2014, 6:41 AM EDT
File picture shows people walking past an advertisement for the new Nokia Lumia mobile phone at a Nokia flagship store in Helsinki on April 19, 2012.
Lehtikuva/AFP/File, Markku Ulander

Nokia does not expect to close the sale of its phone business to Microsoft until April as talks with Asian regulators drag on, it said on Monday, fuelling speculation it may have to make more concessions to get the deal done. Analysts said the delay meant Nokia, which had expected to close the deal by the end of March, might have to make concessions over the license fees it will charge on patents that will remain with the Finnish firm after the deal is closed.
Nokia handset sale to Microsoft delayed [NYT]
Nokia sees closure of Microsoft deal delayed to April [Reuters]