Nokia Says Potential Holdings By Microsoft Decreased Below 5% - Quick Facts

(RTTNews) - Nokia Corp. (NOK) said the potential holdings by Microsoft (MSFT) in Nokia have decreased below 5 percent as a result of the redemption of convertible bonds at the closing of the sale of substantially all of Nokia's Devices & Services business to the software giant.

Microsoft Asia Island Limited and Microsoft Mobile announced that Microsoft Asia Island Limited's holdings in Nokia shares based on the bonds have decreased below 5 percent on April 24 after it assigned the bonds to Microsoft Mobile and, consequently, Microsoft Mobile's holdings were raised above 5 percent.

Earlier in the day, Nokia said it has completed the sale of substantially all of its Devices & Services business to Microsoft.