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Nokia offers $369 million deposit to unfreeze Indian assets
Posted: 09-Dec-2013 [Source: Reuters]

[Nokia tries to settle Indian tax dispute prior to Microsoft sale.]

Helsinki -- "Nokia has offered to pay a 270 million euro ($369 million) deposit to Indian authorities to unfreeze assets in a tax dispute, according to sources familiar with the matter.

The Finnish firm has been trying to free up the assets, particularly its Chennai factory which is one of its biggest phone-making plants, ahead of the sale of its mobile phone business to Microsoft."

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