Nokia on Friday said the sale of its once-dominant handset business to Microsoft has been closed after the companies agreed to leave two factories in India and Korea out of the deal.
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The company said that it now expected the final sales price to rise slightly above the previously announced 5.44 billion euros ($7.52 billion).
Nokia said that due to an ongoing tax dispute with Indian authorities, it would operate the Chennai factory as a contract manufacturing unit for Microsoft.
It also said it will close a plant in Masan, Korea, which about 200 staff.
Nokia added its board of directors was due to meet early next week in relation to the company's strategy assessment.
A media report earlier on Friday said Nokia would outline its new strategy on Tuesday along with its first-quarter results, and that it would also nominate Rajeev Suri, the head of NSN, as the new group CEO.