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General | January 04, 2019

Nokia completes the sale of its IP Video business

Nokia has completed the sale of the majority of its IP Video business to Volaris Group, a Toronto-based software company. The divestment was originally announced September 13, 2018.

Nokia will remain a minority shareholder in the new pure play streaming technology company, Velocix, operating as an independent business within Volaris Group's Communications & Media portfolio. Financial details of the sale are not being disclosed.
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September 15 2019 8:56 pm V14.3.11-1