Nokia received approval from the Chinese authorities to sell its mobile phone division to Microsoft , the Finnish company said on Tuesday (8), adding that there was no request to change their practices patent.
The Nokia agreed in September to sell the business to Microsoft in a deal of 5.4 billion euros ($ 7.18 billion). However, the company maintained its patent portfolio, which is seen by analysts as a promising source of future growth.
Nokia said it still expects the deal with Microsoft is closed in April. “Nokia and Microsoft have already received regulatory approvals in the People’s Republic of China, the European Commission, the U.S. Department of Justice and numerous other jurisdictions,” Nokia said in a statement.
As mobile manufacturer, Nokia rivals paid for the use of its technology licenses, also charging for their own licenses. Restructured, Nokia would be free to raise these rates, analysts say.