Nokia to Pay Microsoft a Net $650 Million as Part of Pact
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Nokia Oyj, the Finnish mobile-phone maker attempting a comeback with handsets running Microsoft Corp. software, expects to pay its partner about a net 500 million euros ($650 million) as part of the companies’ accord.
The sum will be paid over the remaining term of the agreement, Nokia said today in a statement, without disclosing the duration of the pact. Nokia, based in Espoo, Finland, also reiterated its long-term financial targets.