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The Finnish company, Nokia announced that it has received regulatory approval from the Ministry of Commerce of the People's Republic of China to transfer of its Devices & Services business to Microsoft
As previously communicated, the closing of the transaction, which was announced on September 3, 2013, is subject to regulatory approvals and other customary closing conditions.
"Nokia and Microsoft have now received regulatory approvals from the People's Republic of China, the European Commission, the U.S. Department of Justice and numerous other jurisdictions,"the company said in a statement.
Nokia and Microsoft, both company continue to expect the transaction to close during April 2014.
In additions, the regulatory approval process has involved a thorough review of Nokia's patent licensing practices by several competition authorities around the world. During that process, no authority has challenged Nokia's compliance with its FRAND undertakings related to standard-essential patents (licensing on fair, reasonable and non-discriminatory terms) or requested that Nokia make changes to its licensing program or royalty terms.