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China: Local firms sound-off on $7.5B Microsoft, Nokia deal

 |  January 5, 2014

Domestic mobile phone makers in China have reportedly voiced their concerns to China’s Ministry of Commerce to ensure the planned $7.5 billion buyout of Nokia’s handset business by Microsoft will not pose competition concerns.

Both Huawei Technologies and ZTE have reportedly told MOFCOM to ensure that Microsoft’s buyout will not lead to higher patent licensing fees for wireless technology used by the manufacturers, two government sources said. The request comes as MOFCOM continues its review of the acquisition, first announced last September.

The deal has already earned approval by European officials.

Full Content: Times of India

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