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China approves 5.4 bn euro Nokia-Microsoft deal
April 9, 2014, 8:36 am

Stepen Elop, executive vice president of Nokia shows off his colored shoe while talking about the colors available of the new Nokia Lumia 930 phones during a keynote address at the Microsoft Build Conference Wednesday, April 2, 2014, in San Francisco [AP]

Stepen Elop, executive vice president of Nokia shows off his colored shoe while talking about the colors available of the new Nokia Lumia 930 phones during a keynote address at the Microsoft Build Conference Wednesday, April 2, 2014, in San Francisco [AP]

China’s Ministry of Commerce (MOC) said on Tuesday that it had approved Microsoft’s purchase of Nokia’s devices and services business subject to certain conditions. The major deal had already got the necessary nod from regulatory authorities in the US and EU.

“Nokia and Microsoft put forward their final solutions in March, which the MOC thinks can reduce the deal’s potential threat to market competition,” said a MOC statement on its official website.

The MOC said it had made the decision after analyzing the “vertical relationship” between Nokia’s smartphone business and Microsoft’s patents for smart terminal operating system and mobile smart terminals.

Shang Ming, head of the MOC’s anti-monopoly bureau, said the case was one of the most complicated since China’s anti-monopoly law came into effect, as 75 per cent of the world’s handsets are made in China, and China accounts for 34 per cent of the global smartphone market.

If Microsoft raised the licensing fees for its patents, China’s handset makers would have to exit the market or transfer part or all of the extra costs to smartphone consumers, said Shang.

If abuse of dominant position or other monopoly acts are found in the future, related regulators would launch investigations in accordance with anti-monopoly laws and regulations, Shang warned.

 

Source: Agencies

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