Nokia Changes Name to Microsoft Mobile within DaysBusiness | April 22, 2014, Tuesday // 13:09| views
Microsoft hopes the deal with Nokia will boost Windows Phones development.
Nokia's Devices and Services department is to become part of Microsoft on April 25 and will change its name to Microsoft Mobile.
The company acquiring Nokia's handset business revealed Monday the EUR 5.4 B deal would be complete within days, the Financial Times has reported.
The deal, which was announced in September 2013, needed to be given green light by global watchdogs and was therefore expected to be completed by March this year, but the deadline was later extended to end-April.
Regulatory approval of China was among the main reasons for the delay.
Microsoft hopes that acquisition which is to be finalized this week could accelerate innovation and market adoption for Windows Phones.
In the US, Microsoft is the third preferred operating system and currently leads on BlackBerry but lags behind Google Android and Apple's iOS.