Microsoft's Nokia acquisition delayed until April

Monday 24 March 2014 10.08
Microsoft announced its planned acquisition of Nokia's handset business in September 2013
Microsoft announced its planned acquisition of Nokia's handset business in September 2013

Finnish telecom company Nokia has said the sale of its handset business to US technology giant Microsoft would be delayed until April.

Nokia said that it continued to make progress with Microsoft in the closing conditions and the integration planning, but was still waiting for the approval of "certain antitrust authorities in Asia which are still conducting their reviews".

The European Commission already approved the takeover of the mobile phone business in December, seeing "only modest overlaps" between the two companies.

Once the world leader in mobile phones, Nokia lost its top place to South Korea's Samsung in 2012.