Well, to be completely fair, they were never dead as Nokia made lots of gear that telcos around the world use. But at one time they made more phones than anyone else. But those days are long gone. Right?
Maybe Not.
Nokia is making a return to phones and tablets. The Finnish company on Wednesday announced that it will license its brand and IP to a newly created company called HMD global. The company will produce and sell a range of Android smartphones and tablets. The company has also inked a deal with Microsoft to acquire the rights to use Nokia brand name on feature phones and also utilize some design elements. Nokia veteran Arto Nummela will assume the CEO position when the deal is closed, which is expected to happen by the end of June.
Meanwhile Microsoft announced today that it has sold the remainings of Nokia’s feature phone business to FIH Mobile, a subsidiary of Foxconn. This was what you might say was Nokia’s original phone business until Microsoft bought it. As part of the deal, FIH Mobile paid $350 million to Microsoft. Interestingly, HMD global and FIH Mobile already have a collaborative agreement in place to support the building of a global business for Nokia-branded mobile phones and tablets. Nokia says it will set mandatory brand requirements and performance-related provisions for the new devices. The deal basically sheds a part of Microsoft that the software giant couldn’t get right.
Between these two events, Nokia is back from the dead. The question is, does anyone still care?
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This entry was posted on May 18, 2016 at 8:10 pm and is filed under Commentary with tags Nokia. You can follow any responses to this entry through the RSS 2.0 feed.
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Guess Who’s Back? Nokia Rises From The Dead
Well, to be completely fair, they were never dead as Nokia made lots of gear that telcos around the world use. But at one time they made more phones than anyone else. But those days are long gone. Right?
Maybe Not.
Nokia is making a return to phones and tablets. The Finnish company on Wednesday announced that it will license its brand and IP to a newly created company called HMD global. The company will produce and sell a range of Android smartphones and tablets. The company has also inked a deal with Microsoft to acquire the rights to use Nokia brand name on feature phones and also utilize some design elements. Nokia veteran Arto Nummela will assume the CEO position when the deal is closed, which is expected to happen by the end of June.
Meanwhile Microsoft announced today that it has sold the remainings of Nokia’s feature phone business to FIH Mobile, a subsidiary of Foxconn. This was what you might say was Nokia’s original phone business until Microsoft bought it. As part of the deal, FIH Mobile paid $350 million to Microsoft. Interestingly, HMD global and FIH Mobile already have a collaborative agreement in place to support the building of a global business for Nokia-branded mobile phones and tablets. Nokia says it will set mandatory brand requirements and performance-related provisions for the new devices. The deal basically sheds a part of Microsoft that the software giant couldn’t get right.
Between these two events, Nokia is back from the dead. The question is, does anyone still care?
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This entry was posted on May 18, 2016 at 8:10 pm and is filed under Commentary with tags Nokia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.