🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Nokia says not liable in Mexico damages ruling on former unit

Published 09/29/2014, 04:39 PM
© Reuters A photo illustration of a man silhouetted against a Nokia logo

MEXICO CITY (Reuters) - Finland's Nokia said on Monday the liabilities of its former unit Nokia Mexico S.A. de C.V. were now held by Microsoft Corp, responding to a Mexican court ruling that Nokia Mexico would have to pay damages for faulty equipment.

"Microsoft acquired Nokia Mexico S.A. de C.V. as part of its acquisition of the former Nokia Devices & Services business, including any liabilities to customers," a Nokia spokesman said, explaining that Nokia was not liable in the Mexico case.

A Mexican government agency said on Sunday a Mexico City court had ruled Nokia Mexico must pay damages to customers who had purchased defective mobile phones from Nokia Mexico since 2010.

Nokia's sale of its mobile business to Microsoft was completed this year.

Mexican consumer protection agency Profeco said the court ruled Nokia Mexico must either replace defective devices and/or reimburse their cost, plus pay compensation equivalent to at least 20 percent of the damages resulting from malfunctioning.

A spokeswoman for Microsoft said that following a ruling in April 2011, Nokia Mexico in October 2013 had been ordered to pay damages to 17 affected consumers for a total of some $4,200, and that it had done so in March 2014.

Although Profeco said on Sunday that consumers in Mexico could still present claims against Nokia Mexico for faulty devices, the Microsoft spokeswoman said on Monday the deadline for claims had expired in April 2012.

© Reuters. A photo illustration of a man silhouetted against a Nokia logo

Asked about this again on Monday, a Profeco spokeswoman said compensation claims could still be filed against Nokia Mexico and that no deadline for submitting them had yet been fixed.

(Reporting by Dave Graham; editing by Gunna Dickson)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.