Microsoft officially welcomes the Nokia Devices and Services business

    Microsoft officially welcomes the Nokia Devices and Services business

  PR Newswire

  REDMOND, Washington, April 25, 2014

- Microsoft and the Nokia Devices and Services business are coming together as
one to deliver a family of devices and services that will delight consumers
and empower businesses.

REDMOND, Washington, April 25, 2014 /PRNewswire/ -- Microsoft Corp. announced
it has completed its acquisition of the Nokia Devices and Services business.
The acquisition has been approved by Nokia shareholders and by governmental
regulatory agencies around the world. The completion of the acquisition marks
the first step in bringing these two organizations together as one team.

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"Today we welcome the Nokia Devices and Services business to our family. The
mobile capabilities and assets they bring will advance our transformation,"
said Microsoft CEO Satya Nadella. "Together with our partners, we remain
focused on delivering innovation more rapidly in our mobile-first, cloud-first
world."

Reporting to Nadella is former Nokia President and CEO Stephen Elop, who will
serve as executive vice president of the Microsoft Devices Group, overseeing
an expanded devices business that includes Lumia smartphones and tablets,
Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products,
and accessories. Microsoft welcomes personnel with deep industry experience in
more than 130 sites across 50 countries worldwide, including several factories
that design, develop, manufacture, market and sell a broad portfolio of
innovative smart devices, mobile phones and services. As part of the
transaction, Microsoft will honor all existing Nokia customer warranties for
existing devices, beginning April 25, 2014.

Windows Phone is the fastest-growing ecosystem in the smartphone market, and
its portfolio of award-winning devices continues to expand. In the fourth
quarter of 2013, according to IDC, Windows Phone reinforced its position as a
top three smartphone operating system and was the fastest-growing platform
among the leading operating systems with 91 percent year-over-year gain.(1)
Furthermore, with the Nokia mobile phone business, Microsoft will target the
affordable mobile devices market, a $50 billion annual opportunity,(2)
delivering the first mobile experience to the next billion people while
introducing Microsoft services to new customers around the world.

Microsoft will continue to deliver new value and opportunity, and it will work
closely with a range of hardware partners, developers, operators, distributors
and retailers, providing platforms, tools, applications and services that
enable them to make exceptional devices. With a deeper understanding of
hardware and software working as one, the company will strengthen and grow
demand for Windows devices overall.

As with any multinational agreement of this size, scale and complexity,
Microsoft and Nokia have made adjustments to the deal throughout the close
preparation process. As announced previously, Microsoft will not acquire the
factory in Masan, South Korea, and the factory in Chennai, India, will stay
with Nokia due to the tax liens on Nokia's assets in India that prevent
transfer. As a result, Microsoft will welcome approximately 25,000
transferring employees from around the world.

More information about Microsoft's expanded family of devices and services is
available here .

Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in
software, services and solutions that help people and businesses realize their
full potential.

Microsoft refers to Microsoft Corp. and its affiliates, including Microsoft
Mobile Oy, a subsidiary of Microsoft. Microsoft Mobile Oy develops,
manufactures and distributes Lumia, Asha and Nokia X mobile phones and other
devices.

For further information regarding risks and uncertainties associated with
Microsoft's business, please refer to the "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and "Risk Factors"
sections of Microsoft's SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be
obtained by contacting Microsoft's Investor Relations department at
+1-800-285-7772 or at Microsoft's Investor Relations website.

All information in this release is as of April 25, 2014. The company
undertakes no duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's expectations.

(1) IDC Worldwide Quarterly Mobile Phone Tracker, February 2014(2) Strategy
Analytics Inc.

Website: http://www.microsoft.com
Contact: Rapid Response Team, Waggener Edstrom Communications,
+1-503-443-7070, rrt@waggeneredstrom.com. NOTE TO EDITORS: For more
information, news and perspectives from Microsoft, please visit the Microsoft
News Center at http://www.microsoft.com/news. Web links, telephone numbers and
titles were correct at time of publication, but may have changed. For
additional assistance, journalists and analysts may contact the Microsoft
Rapid Response Team or other appropriate contacts listed at
http://www.microsoft.com/news/contactpr.mspx.
 
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