Nokia's Masan Plant Left High and Dry in Sale to Microsoft

      April 23, 2014 12:35

      Nokia will wrap up the sale of its mobile phone division to Microsoft by Friday, the Finnish firm said Monday. The 5.4 billion euro acquisition process began in September last year.

      It does not include Nokia’s plant in Masan, South Gyeongsang Province here as Microsoft considers it has already enough of a supply chain.

      The U.S. firm wanted to make some changes to contract terms, citing excessive production facilities, Nokia said.

      The most likely outcome will be that the Masan plant is shut down, the Financial Times said.

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