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Nokia completes the sale of its IP Video business

January 2, 2019

Espoo, Finland - Nokia today announced the successful completion of 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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