Microsoft’s acquisition of Nokia’s phone-making business has been delayed and is now expected to be completed in April, a month behind schedule.
The American computing giant had originally stated that the deal would be completed in the first quarter of 2014 (the period of January to March). Microsoft says the acquisition has so far been approved by 15 markets in five continents.
Writing on a company blog post, Microsoft’s general counsel Brad Smith said: 'Currently, we are awaiting approval confirmation in the final markets. This work has been progressing, and we expect to close next month, in April 2014.'
Announced in September, the €5.44bn (£4.6bn) deal will see Microsoft take over Nokia’s Devices and Services division which is responsible for the Finnish company’s Lumia range of smartphones and tablets.
Nokia also confirmed the delay on its own company blog, adding that both companies remain 'committed to the transaction'.
It is not yet known what Microsoft will do with Nokia’s products. The company is expected to continue the development and production of the Lumia devices, which run Microsoft’s Windows Phone operating system.
As for Nokia’s budget Asha and Android-powered X phones, neither company has said what the future will hold.