The expectation is that the financial benefits of the deal outweigh the resistance of a few shareholders, less enthusiastic about the sale of what they consider to be a national icon Finnish.
With the approval of the sale ends 25 years of history for Nokia as a manufacturer of mobile phones, most of them in market leadership.
The Finnish company agreed in September to sell its business unit of mobile devices and in licensing its patents to Microsoft by 5440 million, after failing to recover from a late entry into the smartphone market.
The sale, “cash” includes 3790 million by unit phones and smartphones and 1.65 billion euros for the license for a period of 10 years from the Finnish company’s patents.
The deal, expected to be completed in the first quarter of 2014, after the approvals regulatory, should increase the value of Nokia to nearly 8,000 million euros compared to 2,000 million in the third quarter, and allow the company to return cash to shareholders, possibly through a special dividend.
Written under the new Orthographic Agreement
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