Nokia has announced that Jesper Ovesen is to step down as Executive Chairman of Nokia Solutions and Networks after the company concludes the deal for Microsoft to buy its Devices and Services unit.
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Nokia announced late on Friday it is getting nearly 1.5 billion euros (nearly $2 billion) from Microsoft soon, well ahead of the plan for Microsoft to acquire Nokia's smartphone hardware business
While Microsoft is planning to purchase much of Nokia's business, the Finland company will still be around after the deal closes as it concentrates its efforts on three businesses.