NOKIA SOLD FOR $350m-business

Nokia will be coming back with full force.
Nokia Smartphones will make a mega
comeback in a brand licensing deal made
by the Finnish company with HMD Global
Ltd. to manufacture Android based Nokia
branded handsets for the next 10 years.
Microsoft has just sold the Nokia Name to
Foxconn but Microsoft has transferred the
rights to use the Nokia brand and feature
to HMD. So Nokia Name is no longer dead,
Microsoft will be bringing the Name to life.
Foxconn and HMD bought the Nokia's
Feature Phone Business From Microsoft
with the sum of $350 Million. HMD, a
newly formed Finnish company, aims to be
only global licensee for Nokia branded
mobile phones and tablets.
But in recent years, Foxconn has shown
signs of desire for a more public profile. In
2014, the Taiwanese company began
developing its own mobile accessories, but
denied that it planned to enter the
smartphone market directly.
That is still technically true. Following the
sale of Nokia, a Foxconn subsidiary, FIH,
will acquire everything left of Microsoft's
feature phone business. After the dust
settles, HMD will be running the Nokia
brand with Foxconn as an exclusive
licensee.
When Microsoft bought Nokia,in 2014, for
US $7.2 Billion, the Redmond based
computing giant dropped the name "Nokia"
and continued to use the name Lumia.
In a statement, Nokia said: "HMD and
Nokia Technologies have signed an
agreement with FIH to establish a
collaboration framework to support the
building of a global business for Nokia-
branded mobile phones and tablets".
I hope there will start producing and
launching more interesting Phone Names,
different iOS, display inches, the face and
many other important changes!