The Latest in IT Security

India court lifts Nokia factory freeze in tax dispute


An Indian court on Thursday accepted Nokias appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the companys mobile phone business to Microsoft. The Chennai plant is one of Nokias biggest phone-making factories. Nokia appealed the seizure and has been trying to end the dispute ahead of the closure of the 5.4 billion euro ($7.4 billion) Microsoft deal. In March, Nokia was served with a tax demand of about 20.8 billion rupees ($340.45 million) for five fiscal years starting from 2006-07, according to a March 22 notice on the Delhi High Court website.

Comments are closed.


SUNDAY, MAY 31, 2020

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...



Latest Comments