Microsoft announced in a press statement on Friday, 25 April 2014 that it has completed its acquisition of the Nokia Devices and Services business.
The acquisition has been approved by Nokia shareholders and by governmental regulatory agencies around the world.
“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation,” said Microsoft CEO Satya Nadella.
“Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”
Nokia President and CEO Stephen Elop will serve as executive vice president of the Microsoft Devices Group and report to Nadella.
Elop will oversee an expanded devices business that includes Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products and accessories, Microsoft said.
Microsoft said that it welcomes personnel with deep industry experience in more than 130 sites across 50 countries worldwide, including several factories that design, develop, manufacture, market and sell a broad portfolio of innovative smart devices, mobile phones and services.
As part of the transaction, Microsoft said it will honor all existing Nokia customer warranties for existing devices.
In South Africa, Microsoft said that strong momentum behind Nokia’s portfolio of Windows Phones has seen Lumia outsell the iPhone, and the Nokia Lumia 520 is now the top-selling device in its price category.
Overall, three of the top five selling mobile devices in South Africa are Nokia phones, Microsoft said.