Nokia today said that it expects Microsoft to finalize its acquisition of Nokia’s handset business by March 31.
The company issued a statement regarding some tax difficulties it is facing in India that could complicate the sale. Nokia said the issues won’t delay the deal, which it looks forward to closing in the weeks ahead. Microsoft and Nokia had previously suggested the deal would close by the end of the first quarter, so it is running on schedule.
Microsoft first proposed to buy Nokia’s handset business in September last year. The deal is valued at $7.2 billion.
