Microsoft to buy Nokia phone arm

Updated
Nokia and Microsoft CEOs
Nokia and Microsoft CEOs

Technology giant Microsoft is to buy Nokia's mobile phone arm in a "bold step" in the smartphone market that will cost it about £4.6 billion

The world's biggest software company will buy the Nokia unit that makes mobile phones, including its line of Lumia smartphones that run Windows Phone software, as well as a 10-year licensing agreement to use Nokia's patents.
%VIRTUAL-SkimlinksPromo%

Advertisement