April 26, 2014 9:19 AM

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Microsoft completes its purchase of Nokia's mobile phone business

The Microsoft has completed its purchase of Nokia's mobile phone business for 5.44 billion euros. The deal between the two firms should have been completed earlier this year but it was delayed by a hold up in regulatory approvals. The sale will see the end of production of mobile phones by Nokia. The Finnish company will now focus on networks, mapping services and technology development and licences.

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