The Finnish Competition Authority (FCA), Kilpailuvirasto, announced it has approved the planned acquisition in which Nokia would increase its shareholding in Symbian. According to the assessment of the FCA, the acquisition does not, in a manner defined in section11 d § of the Act on Competition Restrictions, create or strengthen a dominant market position, which would restrict competition. Nokia and Psion plc announced in February that they had started the process of enabling the transfer of Psion's shares in Symbian to Nokia.

 

The approval by the FCA is the first step in the on-going clearance process of the transfer. The intended transaction is still subject to approval by Psion plc's shareholders and clearance by the competition authorities in Germany and Austria. In addition, other shareholders have proportional pre-emption rights to participate in the acquisition of Psion's shares in Symbian.

 

Nokia is the world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia is dedicated to enhancing people's lives and productivity by providing easy-to-use and secure products like mobile phones, and solutions for imaging, games, media, mobile network operators and businesses. Nokia is a broadly held company with listings on five major exchanges.

 

 

Nokia

Technology Communications

Tel. +358 7180 28244

 

Nokia

Communications

Tel. +358 7180 34900

E-mail: press.office@nokia.com

 

www.nokia.com