Sunday, 2 March 2014

Nokia to appear in India's top court on Monday to demand the return of its factory

You might recall that back in December, we told you about the tax dispute that Nokia was having with the Indian tax authorities relating to a manufacturing plant in the country. The factory is supposed to be turned over to Microsoft as part of the latter's $7 billion acquisition of Nokia's Devices and Services business.



After being seized by Indian authorities, the plant was expected to be returned to Nokia after the Finnish based handset manufacturer paid 22.50 billion rupees ($367.17 million USD) into an escrow account as requested by the Delhi High Court. But the court had added new ...

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