Regulating internet providers more like public utility companies could hurt the Internet and the U.S. economy, more than two dozen network technology and equipment makers have told U.S. Commerce Secretary Penny Pritzker.
Despite releasing the local assets back to Nokia Oyj, the Delhi High Court clarified that the Finnish company will still be liable to any remaining tax bills from the local mobile phone plant that Microsoft will be acquiring.
Sources noted that Nokia Oyj is in danger of finding a new buyer for its mobile handset business if it failed to lift the freeze on its Indian assets to be able to transfer them to Microsoft as part of its acquisition agreement.
European Union antitrust regulators have approved Microsoft's $7.3 bln acquisition of Nokia's mobile device business without conditions, the European Commission said on Wednesday.
Nokia Oyj extends its existing patent agreement with the largest mobile phone maker Samsung Electronics Co.
Microsoft Corp, fresh from its buyout agreement with Nokia Oyj, would need to convince app makers to partner with them in order to regain market share in the smartphone market.