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Nokia to Exclude India Phone Plant From Sale to Microsoft

Nokia Oyj will exclude its India phone factory from a 5.44 billion-euro ($7.5 billion) agreement to sell its mobile phone business to Microsoft Corp. amid a legal battle over a tax dispute in the country.

“We are leaving out the plant because of the tax issues,” Poonam Kaul, a Nokia India spokeswoman, said by telephone today. The plant, one of the Espoo, Finland-based company’s largest phone factories, will make products for Microsoft as part of a servicing agreement, according to Kaul.