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Nokia considers options after losing Indian court appeal
March 14, 2014 / 3:50 PM / 4 years ago

Nokia considers options after losing Indian court appeal

HELSINKI, March 14 (Reuters) - Finland’s Nokia said it is considering its options after an Indian court on Friday rejected 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. .

India’s Supreme Court upheld a lower court verdict that ordered Nokia to pay a 35 billion rupee ($572.5 million) guarantee after local authorities blocked the factory’s transfer in a dispute over tax.

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