Microsoft to Pay Nokia One Billion for New Smartphone Deal

The latest report from Bloomberg confirms the statement made by Intel CEO, Paul Otellini in February Intel CEO Paul Otellini who stated that "Microsoft has paid Nokia an “incredible” amount of money for the smartphone deal". The new Microsoft, Nokia deal is expected to be for five years and include Nokia paying Microsoft a yet, unannounced fee for each install of Windows Phone 7 used in their smartphones.

Microsoft will pay over $1 billion to Nokia for them to promote and develop a new Windows Phone 7 line of smartphones

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