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D365 licensing (for CRM 2016)

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Hi, 

Microsoft have deprecated the current 2016 licensing, meaning you can't renew a 2016 subscription anymore. This forces you down the route of purchasing new D365 licenses. My question is, if you wish to stick with the CRM Update 1 environment, is this possible with D365 licensing and where does the already existing CRM 2016 instance sit with regards to subscriptions? Is it transferred to one of the new D365 subscriptions? 


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