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Nokia Oyj loses Indian court appeal-Reuters

Friday, 14 Mar 2014 11:47am EDT 

Nokia Oyj:Considers options after Indian court rejects its appeal against a demand for a multimillion-dollar payment before it transfers a mobile phone plant and other assets in the country to Microsoft Corp-Reuters.India's Supreme Court upheld lower court verdict that ordered Nokia to pay 35 billion rupee ($572.5 million) guarantee after local authorities blocked the factory's transfer in a dispute over tax. 

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