Microsoft mum as Nokia struggles to resolve tax dispute
- Congress backs Priyanka Gandhi as she hits out at opposition for 'targeting Robert Vadra without proof'
- Elections 2014 LIVE: Mulayam Singh files nomination from Azamgarh; Third FIR against Giriraj Singh
- Would prefer to go to Pakistan than stop criticising Narendra Modi: Omar Abdullah
- IPL spot fixing: Do you want to probe charges against Srinivasan? SC asks Justice Mudgal panel
- IPL 7 Live Cricket Score, KXIP vs SRH: SRH field first, Pathan comes in for Ishant
Even as the Delhi High Court resumes hearing on the Nokia tax dispute on Monday, Microsoft, eager to settle the acquisition row without any hassles, is keeping its fingers crossed. The software major does not want to meddle with the legal tangle Nokia currently is in and wants to stay away from row till the issue is settled.
"As this is a Nokia dispute, Microsoft will not issue a comment on the matter," Waggener Edstrom, global communication consultant who handles Microsoft media account, said in an e-mail response to FE.
FE had sought response from Microsoft on the whole episode, and especially in the wake of the Chennai Nokia plant union's suggestion that either Microsoft or Nokia management give a commitment to the court to the effect they will settle the tax issue amicably once the deal, including the transfer of Chennai plant, is settled as per the agreement.
The $7.2-billion acquisition of Nokia by Microsoft has become a hot topic with the Chennai plant union deciding to move the Delhi HC to protect their jobs. Finland's foreign minister Erkki Tuomioja's said that if the tax dispute is not settled before the December 12 deadline, the Chennai plant would have to be kept out of the deal.
Nokia, too, told its workers that if the plant were to be kept outside the deal, it may have to go for contract manufacturing for Microsoft for at least 12 months.
An analyst, tracking mergers & acquisitions, told FE that it is pertinent for a global company like Microsoft to stay away from the heat generated during the legal recourse regarding Nokia's tax liabilities. There are certain binding rules as far as agreements are concerned. "Obviously they would want Nokia to come to the table with clean hands or else the Chennai assets would be kept out of the agreement for time being," he said on condition of anonymity.
- Five months after gruesome ATM attack, accused still at large
- Ex-syndicate member of Bangalore University held in marks-for-cash scam
- Accused get bail as police fail to file chargesheet
- ‘Naxals collected info on trucks carrying explosives from Khadki to Ahmednagar’
- A tale of two villages: Ramayan and Mahabharat
- UP CM tears into Modi bastion on first visit to Gujarat, says Third Front ready