Nokia Corporation (ADR) (NYSE:NOK) Appeal Will Start Again On 11 March; Samsung & Google Are Worried About Microsoft’s Bid

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Last month, Nokia Corporation (ADR) (NYSE:NOK) filed a case in Supreme Court that the Delhi High Court had applied new terms and conditions over the transfer of the plant after unfreezing the assets before that. Today, the lawyer said that Supreme Court will start again a hearing on March 11 against a high court on new conditions that it imposed over transferring ownership of Nokia’s local mobile phones plant to Microsoft in a 5.4 billion euro ($7.5 billion) deal.

Nokia is trying to finish all legal procedures as the deal will be closed by the end of March and the company is planning to work only on network equipment from onwards. In further news, Chinese mobile phone makers are joined by Samsung Electronics Co., Ltd. (KRX:005930) and Google Inc (NASDAQ:GOOG) in highlighting worry that Microsoft Corporation (NASDAQ:MSFT)’s proposal to occupy Nokia Oyj (HEL:NOK1V)’s phone business may result in higher exclusive rights licensing charges, according to two government officials.

According to people, China’s Ministry of Commerce is asked by Google and Samsung to make sure that the 5.44 billion euro ($7.5 billion) proposal doesn’t result in more charges on wireless technology copyrights that will remain with Nokia. These tech giants are also worried that Microsoft may gain supreme power over the smartphone market and may misuse its copyrights.

The officials also said that the Huawei Technologies Co. and ZTE Corp. are also joined by those tech giants that asked China’s regulators to set clauses on the agreement. In september 2013, Microsoft and Nokia announced the agreement after Google’s Android platform and Apple Inc. (NASDAQ:AAPL)’s iPhone totally conquered the mobile market.

Though leaving most of the wireless patents in Nokia Corporation (ADR) (NYSE:NOK)’s rule, Microsoft is acquiring the hardware business. On Dec. 4, European Union gave consent to Microsft for the proposal while regulators said they would observe Nokia’s licensing traditions after the close of the deal.

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