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Euronews: Brussels Set to Approve Nokia/Microsoft Deal

Paul Rainford
11/25/2013
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Also in today's EMEA regional roundup: Orange close to sale of Caribbean unit; new CEO for Finland's number three operator; Amino expects to meet forecasts.

  • Microsoft Corp. (Nasdaq: MSFT) is all set to get the official nod from Brussels for its planned $7.3 billion takeover of Nokia Corp. (NYSE: NOK)'s Devices and Services unit, according to sources cited by Reuters. Last week Nokia shareholders voted overwhelmingly to approve the deal, while regulators in Russa, India, Turkey, and Israel have also given it the thumbs-up. The European Commission 's competition watchdog has set itself a deadline of December 4 for its decision. (See Nokia: It's Really Happening.)

  • Orange (NYSE: FTE) is close to selling its Dominican Republic unit to Altice, which owns and runs cable, mobile, ISPs, and datacenter companies in various territories, reports Bloomberg.

  • DNA Oy , Finland's third-largest operator, has a new CEO in the form of Jukka Leinonen, reports Reuters. Leinonen, who joined DNA in 2010, replaces Riitta Tiuraniemi, who quit after a failed attempt to sell the company.

  • Amino Technologies plc (London: AMO), the UK-based set-top box and IPTV/OTT video gateway vendor, expects its year-end results to be in line with market forecasts, reports StockMarketWire. The company, which reports a strong demand for its lower-specification products in 2013, is predicting revenues in the range of £35 million (US$56.6 million) to £36 million ($58.3 million).

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    DOShea
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    DOShea,
    User Rank: Blogger
    11/26/2013 | 5:43:47 PM
    Re: Microsoft-Nokia
    Microkia?

    Yeah, I think this was in the hands of shareholders to have an effect on it, because no one else will--I agree in part because of Googorola.
    Sarah Thomas
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    Sarah Thomas,
    User Rank: Blogger
    11/25/2013 | 10:42:27 AM
    Re: Microsoft-Nokia
    I'm a little surprised no one is asking for any conditions, since Microsoft has other partners to look out for, but I guess Google and Moto could do it, so makes sense Nokiasoft can too.
    DOShea
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    DOShea,
    User Rank: Blogger
    11/25/2013 | 10:08:52 AM
    Microsoft-Nokia
    Whatever approvals are still needed before this deal closes are just formalities now. Amid all of the complaining that this is a bad deal, Nokia shareholders had their chance to voice their disapproval in a way that would have mattered, and didn't do it.
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