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Microsoft-Nokia deal gets CCI nod
Microsoft-Nokia Deal Gets CCI Nod. Fair trade watchdog CCI has approved Microsoft’s proposed $7.2 billion acquisition of Nokia’s mobile devices business, citing that the deal would not have adverse impact on competition in the Indian market.
New Delhi: Fair trade watchdog CCI has approved Microsoft’s proposed $7.2 billion acquisition of Nokia’s mobile devices business, citing that the deal would not have adverse impact on competition in the Indian market.
Seen as one of the significant global M&A deals, software giant Microsoft would acquire Finnish major Nokia’s devices and services business. The regulator has given the approval in less than two months from the day the transaction was announced.
Approving the transaction, Competition Comm-ission of India (CCI) said the combination “is not likely to have appreciable adverse effect on competition in India.”
“As regards the proposed combination, it is noticed that in India, while Nokia is active in the D&S (Devices & Services) business of mobile handsets, Microsoft is not active in that business,” CCI said in its order dated October 24 but made public today.
A notice seeking approval was submitted to the CCI on October 3 while deal was finalised on Sept-ember 2. As per the deal, Microsoft Corp and its wholly-owned subsidiary Microsoft International would acquire Nokia Corp’s Devices and Services (D&S) business and related arrangements.
Microsoft would acquire substantially Nokia's entire D&S business, including mobile phones and smart devices business units. According to CCI, it is generally observed that D&S business of mobile/smartphones and tablets, along with the business of operating system and other applications that are used in the devices, is extremely dynamic. This, in turn, makes the product life cycles of such devices very short, it added.
Further, the regulator said that it is the ecosystem in this business which drives the demand between the users, application developers, and designers/manufacturers.
CCI noted that the vertical relationship bet-ween Microsoft and Nok-ia is “relatively insignificant” after taking into consideration the minimal share of Microsoft as well as the presence of players like Google and Apple in the business of the software used in the smartphones.
