| At
present the joint venture is subject to customary regulatory approvals and is
expected to start operations later this year. Nokia
India VP and managing director D Shivakumar said, "One of the important features
of our future distribution strategies in India is that we want to ensure that
our value added services and entertainment offerings are readily available to
all consumers. This arrangement is a natural continuation of our long term collaboration
with HCL in India." Once
the requisite approvals have been received, the joint venture will be engaged
in selling value added services for mobile devices. |