Photograph: Antti Aimo-Koivisto/AFP/Getty ImagesSoon, you ll be able to buy a Nokia again, 18 months after Microsoft quietly killed the name, seemingly for good.Meanwhile, the manufacturing, distribution and sales arms of Nokia have been bought by iPhone manufacturer Foxconn, which has also agreed to build the new Nokia phone for HMD.The chief executive of HMD global, Arto Nummela, said: We will be completely focused on creating a unified range of Nokia-branded mobile phones and tablets, which we know will resonate with consumers.After the dust settles, HMD will be running the Nokia brand with Foxconn as an exclusive licensee.This agreement will give HMD full operational control of sales, marketing and distribution of Nokia-branded mobile phones and tablets, with exclusive access to the pre-eminent global sales and distribution network to be acquired from Microsoft by FIH, access to FIH s world-leading device manufacturing, supply chain and engineering capabilities, and to its growing suite of proprietary mobile technologies and components.In September 2013, Microsoft announced it would buy Nokia s mobile phone business for €5.4bn £4.2bn .
Microsoft has announced an agreement to sell its feature-phone business to FIH Mobile, a subsidiary of Taiwan-based electronics giant Foxconn, and another entity called HMD Global, Oy for around $350 million.HMD Global was founded out of Finland in 2015, and initially it looked like it was a business vehicle of sorts set up to help facilitate the Microsoft transaction — Finland, if you remember, is home to Nokia, the former mobile phone giant that sold its core hardware assets to Microsoft two years back.Today marks the beginning of an exciting new chapter for the Nokia brand in an industry where Nokia remains a truly iconic name, said Ramzi Haidamus, president of Nokia Technologies.So while Nokia still harbors ambitions to be a big mobile brand, it will have to rely on others much more than it once did — you may remember the company launched an Android-powered tablet in China back in 2014, well, that was under a similar arrangement as to what it will be doing now moving forward.This is where HMD Global comes into play — it s a new private company seemingly founded under Nokia s volition to build a new wave of mobile devices, replete with the Nokia brand.The venture is actually being run by CEO Arto Nummela, formerly of Nokia and the head of Microsoft s Mobile Devices business in Greater Asia, Middle East, and Africa, as well as Microsoft s soon-to-be-sold feature phones business.Nummela will be aided by President Florian Seiche, who currently serves as senior vice president for Europe sales and marketing at Microsoft Mobile.We don t yet know what these devices will look like, but we do know that HMD plans to invest around $500 million over the next three years to support the marketing of Nokia-branded devices, which HMD says will be funded via its investors and profits from the acquired feature phone business.
Nokia sold off their mobile and devices division back in 2014, in hopes that the brand would live on under Microsoft's care.Unfortunately, Microsoft hasn't exactly been putting a strong focus on their Windows phones, which means that the Nokia brand has been in a slump for quite some time.Today, it was announced that Microsoft would be selling the rights to the Nokia brand to HMD global for the next ten years.HMD is brand new Finnish company that appears to have been founded with the purpose of creating Nokia-branded phones and tablets.Additionally, Microsoft announced that they were selling the remainder of their feature phone business assets to FIH Mobile Limited a subsidiary of Foxconn .HMD and FIH will be working together to create Nokia-branded Android phones and tablets over the next ten years.
Nokia is back in the mobile phone business, after a fashion.It has granted HMD Global an exclusive, 10-year license to the famous brand, allowing the Finnish startup to sell Nokia mobile phones and tablets.Meanwhile Microsoft, which bought Nokia's mobile phone activities in 2013, is finally getting out of the feature-phone business, selling its remaining interests in the Nokia brand and its Vietnamese phone factory to HMD and to FIH, a subsidiary of contract manufacturing giant Foxconn, for around US$350 million.Fans of the Lumia brand should still see software updates, but they may not see any new hardware: Microsoft merely said it would "support Lumia phones such as the Lumia 650, Lumia 950 and Lumia 950 XL," without talking of developing new models.However, its roundabout return to the mobile phone market was clearly telegraphed.As early as 2014 it dipped a toe back into the mobile market with the release of the Nokia-branded N1 tablet, manufactured under license by Foxconn, the manufacturing partner of HMD.
The company, which has refashioned itself into a maker of wireless and Internet network equipment, won t make or sell cellphones and tablets directly.Rather, Nokia said Wednesday that it has entered a series of licensing pacts with Finnish and Asian partners.Nokia said it has granted patent and design rights to a newly created company based in Finland, HMD Global Oy, which will be in charge of global marketing through a 10-year exclusive agreement.As part of a separate but related transaction, Microsoft said it has agreed to sell Nokia s former entry-level phone business, which it has owned since 2014, to HMD and Foxconn for $350 million.Two years ago, the U.S. company spent €5.4 billion $6.1 billion to acquire Nokia s wireless device assets.Nokia said revenue from the entry-level phone operations would help HMD finance a $500 million investment in a global marketing campaign over the next three years.
Microsoft Corp. agreed to sell its feature phone business to FIH Mobile Ltd. and HMD Global for $350 million, exiting a business that once dominated the mobile market under the Nokia name before Apple Inc. s iPhone.FIH, part of Foxconn Technology Group, will also acquire a manufacturing facility in Hanoi, Microsoft said in a statement Wednesday.About 4,500 employees will transfer to the new owners with HMD also signing an agreement to make new devices under the Nokia brand.Microsoft moved into phone production almost two years ago when it bought the handset division of Nokia in a $9.5 billion deal in a bid to make the company relevant in consumer computing beyond PCs.The company later wrote down most of that purchase.
Microsoft has announced it is selling the feature phone business it acquired from Nokia to FIH Mobile, a subsidiary of Foxconn, and the newly-established Finnish company HMD Global for $350 million.But Nokia is still a mobile phone company at heart, and it has previously hinted at a comeback, only this time around it would focus solely on designing products and then license the designs and Nokia brand to someone that can handle manufacturing, sales and distribution.HMD Global is a recently-founded company headquartered in Helsinki, Finland, to be run by former Nokia and Microsoft executive Arto Numella.The company has signed a licensing agreement with Nokia Technologies that gives it the sole use of the Nokia brand on mobile phones and tablets worldwide for the next decade, as well as key cellular patents.HMD will make Nokia-branded phones using Google's Android and will invest $500 million over the next three years "to support the global marketing of Nokia-branded mobile phones and tablets.Some rumors say Microsoft may be focusing on a Surface Phone launch next year and it's unlikely we'll see another Lumia this year.
Microsoft has announced that it s selling its feature phone business for $350 million in a group deal to FIH Mobile, a subsidiary of Chinese hardware manufacturer Foxconn, which manufactures iPhones for Apple, and a newly formed company called HMD Global.The transaction is expected to be finalized in the second half of this year.The new firm plans to invest more than $500 million over the next three years to market its mobile products worldwide.Hopefully, its launch with HMD will see its products in stores across the globe soon.The sale will not affect Microsoft s Windows-based mobile operations.Nokia signs strategic brand and intellectual property licensing agreement enabling HMD global to create new generation of Nokia-branded mobile phones and tablets on NokiaRead next: 3 creative ways to monetize your Instagram following
A booth sign at Mobile World Congress 2016 shows the Nokia logo in a file image captured on Feb. 25, 2016.Instead a group of former Microsoft executives have formed a company called HMD global, which will use Nokia branding in a new line of Android smartphones and tablets.This will certainly give the new devices a higher profile than if they were under an unknown label.The Helsinki-based HMD didn t offer any specifics about when such phones and tablets would launch or what the pricing would be.The move further distances Nokia from Microsoft whose own future with Lumia devices is rather uncertain .The return of Nokia-branded phones is a nice piece of nostalgia, even though the marketplace has drastically changed.
The Nokia brand is set to return to smartphones, two years after the Finnish company sold its flagship handset business and walked away defeated by Apple Inc. and Samsung Electronics Co.Nokia Oyj said Wednesday it will license its brand to a Helsinki-based company run by former Nokia managers, HMD Global Oy, which plans investments topping $500 million to bring mobile phones and tablets to the market.FIH Mobile Ltd., part of Foxconn Technology Group, will help to build the devices.HMD will be in charge of designing, making and selling the devices, said Ramzi Haidamus, president of Nokia s IP-licensing business.If things don t live up to expectations, the company isn t saddled with enormous inventory and expense still on the books, said Ramon Llamas, an analyst at IDC.Nokia and HMD will be trying to crack a tough market with Samsung, Apple and Huawei Technologies Co. dominating smartphone sales with about half of the total 334 million high-end phones shipped in the first quarter, according to data from researcher IDC.Royal Philips Electronics NV sold its television business to TPV Technology, which kept the Dutch company s name on its sets.For Finns, the deal may restore some national pride in the country s best-known company.The sale of the business, less than three years after then-Chief Executive Officer Stephen Elop joined Nokia from Microsoft, prompted Ilta-Sanomat, Finland s biggest tabloid, to called him a Trojan Horse who assisted Microsoft all along.HMD is now acquiring the rights for the next decade.Nokia more recently has been getting most of its revenue from wireless network equipment and related software and services.
Microsoft is selling the feature phone business it acquired from Nokia back in 2013 to a subsidiary of Chinese manufacturer Foxconn for $350 million, it announced today.At the same time former owner Nokia said it has inked a deal to license its brand to HMD Global, a new Finnish company run by ex-Nokia and Microsoft devices staff, to create a new generation of Nokia-branded mobile phones and tablets .Holding onto a diminishing feature phones business clearly did not hold much appeal for Redmond which — despite its talk of continued development of its own smartphone platform — has been focusing its efforts on building up a services offering via apps made for Android and iOS devices.Last month, for example, it brought its Word Flow keyboard app, originally developed, for Windows over to iOS as an app.The company had already been testing a brand licensing strategy in mobile devices, working with Foxconn on an Android based tablet, the N1, for the Asian market back in 2015.Commenting on the impending return of the Nokia brand to the mobile market, Ramzi Haidamus, president of Nokia Technologies, dubbed it an exciting new chapter , adding in a statement: Instead of Nokia returning to manufacturing mobile phones itself, HMD plans to produce mobile phones and tablets that can leverage and grow the value of the Nokia brand in global markets.
Instead, the company has signed a global licensing agreement with HMD Global, which gives the manufacturer the right to develop a new generation of mobile phones and tablets with the Nokia brand. HMD Global Ltd is a newly established company based in Finland, led by former Nokia executives. Under the agreement, Nokia will receive royalties from HMD's sale of mobiles and plates. Instead of making phones itself should HMD produce mobile phones and tablets that can deliver the value of the Nokia brand into the global market, says Nokia Technologies boss Ramzi Haidamus. Nokia's comeback is presented in conjunction with Microsoft, which bought Nokia's phone business, choosing to roll out the activities that produce simple phone models, the FIH Mobile and HMD Global for $ 350 million, equivalent to almost 3 billion. The deal is expected to close during the second half of in 2016.
Online giant Nokia said on Wednesday released a bulletin that the Nokia granted Technologies recently established Finnish HMD Global Ltd, a worldwide exclusive rights to use the trademark of Nokia mobile phones and tablets for the manufacture of ten years. These agreements will HMD would be the only licensee for all the Nokia sold worldwide under the trademark for mobile phones and tablets. HMD continue marketing their phones as part of their product offering, which will include the new smart phones and tablets. As FIH Mobile Limited announced today that it will acquire the rest of Microsoft's basic phone business, including manufacturing, sales and distribution of equipment. Under the agreement, the HMD has full operational control over the sale, marketing and distribution of mobile phones and tablets sold under the trademark of Nokia. On the other hand, the Nokia would return to self-production of mobile phones HMD plans to manufacture mobile phones and tablets that utilize and increase the value of Nokia's trade mark in the global market, "says the release of the Nokia Technologies Group Vice President Ramzi Haidamus.
Microsoft sells feature phone business to Foxconn subsidiary while Nokia licenses famous brand to HMD globalMicrosoft has sold its feature phone business to Foxconn subsidiary FIH and the newly-founded Finnish firm HMD global for $350 million £242m , in a move that will see the Nokia brand return to mobile devices for the next decade.As part of the transaction, FIH will acquire Microsoft s feature phone assets, including brands, software, services, customer support and contracts, as well as a manufacturing facility in Vietnam.Today marks the beginning of an exciting new chapter for the Nokia brand in an industry where Nokia remains a truly iconic name, said Ramzi Haidamus, president of Nokia Technologies.Working with HMD and FIH will let us participate in one of the largest consumer electronics markets in the world while staying true to our licensing business model.Microsoft has said it is still committed to Windows 10 mobile and is reportedly working on new smartphones running the platform.According to Kantar Worldpanel, Windows accounts for 6.2 percent of the UK smartphone market and 4.9 percent of sales in Europe s five biggest countries.
Photo: Asim Bijarani International research in the ICT sector and consulting company Gartner analyst, Nokia's brand is being taken to a competitive market. Nokia announced on Wednesday that it has made a trademark and a patent license agreement, which gives the HMD Global for the right to create mobile phones and tablets Nokia brand. For Nokia, this is risk-free, however, another option. Nokia does not finance the company financially and does not own shares in the company. These competitive market requires more than well-known brand. Investors seem enthusiastic license agreement, as Nokia's share was 2.1 per cent rise 4.63 euros on the Helsinki Stock Exchange.
Photo: Henrik Kärkkäinen Finnish Global HMD starts producing phones and tablets, Nokia's license. Is a technology company Nokia has signed a strategic trademark and patent license agreement with the Finnish HMD Global. The agreement will give the new company a worldwide exclusive right to use the Nokia brand in the manufacture of mobile phones and tablets for ten years. According to Nokia, the HMD has been set up to operate as an independent company that focuses on providing a wide range with the Nokia trademark basic phones, smartphones and tablets. To complement the rights related to the use of Nokia's trade mark HMD has conditionally agreed to acquire from Microsoft the right to use the basic phones of Nokia brand and certain rights related to design. Divested operations include Nokia phones as well-known basic design, production and sales.
The Finnish company has reentered the mobile phone and tablet markets on a global basis, now that Microsoft's control of its name has ended.The Nokia brand and its intellectual property will be licensed to HMD Global, a newly created Finnish company which will develop, produce and sell a range of Android smartphones and tablets.The new company intends to invest over $500m £345m over the next three years to support the global marketing of Nokia-branded phones and tablets.An exciting new chapterRamzi Haidamus, president of Nokia Technologies, said in a statement on 18 May: "Today marks the beginning of an exciting new chapter for the Nokia brand in an industry where Nokia remains a truly iconic name.Nummela says HMD will be "completely focused" in creating a "unified range of Nokia-branded mobile phones and tablets, which we know will resonate with consumers...our business model is centred on the unique asset of the Nokia brand and our extensive experience in sales and marketing."Nokia recently announced plans to buy Withings, the smartwatch and smart bathroom scale maker, and is currently producing the Ozo, a £43,000 camera rig which can shoot 360-degree video and audio, intended for virtual reality film making.
The newly trademark and license agreement means that the newly formed company HMD Global will create a new generation of mobile phones and tablets with the Nokia brand. HMD is also planning to buy the right to use the Nokia brand of simpler phones, so-called "feature phones", from the American IT giant Microsoft, which took over Nokia's mobile phone business in 2014, according to a press release from Nokia. The company receives exclusive rights to manufacture mobile phones and tablets with the Nokia mark the next ten years and will invest more than $ 500 million, over four billion, over three years, according to the press release. Behind the HMD is the venture capital company Smart Connect, led by Nokia veteran Jean-Francois Baril. HMD will be an independent company in relation to Nokia, which will neither invest in or hold shares of HMD. But Nokia will have one of five chairs in the HMD's board and check that the work responds to what Nokia sees that consumers' expectations of the brand in terms of issues such as design and quality.
Microsoft is selling its feature phone business to FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology Group, and Finnish company HMD Global for $350m.As part of the deal, Microsoft will transfer "substantially all" of its feature phone assets, including brands, software and services, care network and other assets, customer contracts, and critical supply agreements.HMD Global will use the rights to use the Nokia brand for feature phones as part of its plans to launch a new range of Nokia-branded devices, which will also include Nokia-branded smartphones and tablets using the Android operating system, a remarkable turnaround considering that Nokia only sold its smartphone business to Microsoft, which wanted to boost Windows Phone, in 2014.Microsoft made a huge bet on phones when it bought Nokia's smartphones business for $5.4bn just over two years ago.It hasn't got better since: the company has revealed it only managed to sell 2.3 million Lumia smartphones in its third quarter.While the smartphone business was the main focus of the Nokia acquisition, Microsoft also picked up Nokia's feature phone business.
Photo: Gustau Nacarino / Reuters Foxconn, a subsidiary of the former to acquire Nokia's basic phones. Acquisition, FIH Mobile also purchase Microsoft Mobile's manufacturing plant in Vietnam. Divested operations include Nokia phones as well-known basic design, production and sales. Nokia phone brand is transferred to the Finnish HMD global sized, which makes the global exclusive right to use the Nokia brand in the manufacture of mobile phones and tablets for ten years. The brand is owned by the network equipment company Nokia license Technologies Unit, Nokia. HMD Technologies and Nokia have signed an FIH with a cooperation agreement to support the development of global business of mobile phones and tablets sold under the trademark of Nokia, Nokia says in a statement.
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