Microsoft announced the agreement to sell Nokia's phone businesses to FIH Mobile, a Foxconn subsidiary, and to another company called HMD Global, for about 350 million dollars.
Once the deal is completed, the roughly 4.500 employees of the company will “have the opportunity” to join the staff of FIH Mobile, or of HMD Global. At present we do not know what HMD Global is, but it was founded in Finland in 2015. In Finland, if you recall, Nokia was also founded.
The most interesting thing, however, is that Nokia (has been confirmed) plans to dynamically return to the manufacturing of mobile and tablet devices worldwide through a “strategic agreement that covers branding rights and the granting of intellectual property licenses.”
“Today marks the beginning of an exciting new chapter for the Nokia brand name in a sector where Nokia remains a major name,” said Ramzi Haidamus, president of Nokia Technologies.
«Instead of Nokia returning to the mobile phone manufacturing sector, HMD plans to produce mobile phones and tablets that can be leveraged to increase the value of Nokia's brand name in global markets. The partnership with HMD and FIH will allow us to participate in one of the largest consumer electronics markets in the world, staying true to the licensing of our business model.”
Thus a significant brand Nokia after the sale of its mobile phone businesses to Microsoft, it appears that the company has the opportunity to continue with Nokia Networks and Nokia Technologies, to keep the brand alive worldwide.
We should note that although Nokia Technologies was fairly quiet until recently it developed the virtual reality (VR) device Ozo, a camera, and bought the company Withings for 192 million dollars.
