Nokia sale of handset unit delayed; faces new India tax dispute

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia's (NOK) sale of its handset business to Microsoft (MSFT) will be completed in April rather than at the end of this month, as initially expected.

The postponement is due to the deal not yet receiving authorization from a number of regulators, including in China.

The transaction has already received approval in the U.S. and Europe.

Meanwhile, Nokia is facing another tax claim in India, this time from the southern state of Tamil Nadu, which says it is owed €300M ($417M) on unpaid taxes on sales of phones made at the company's factory in Chennai. India's government says Nokia owes €250M in a separate tax dispute.