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Nokia is back

  • Author:Andy
  • Source:chinatopwin
  • Release on :2016-12-13
Nokia brand licensee HMD Global is now the new home of Nokia phones 

Espoo, Finland - Nokia confirms that the strategic agreement covering branding rights and 
intellectual property licensing with HMD Global Oy (HMD), originally announced on May 
18, 2016 has come into force.

HMD has today announced the completion of transactions between HMD, FIH Mobile 
Limited (a subsidiary of Hon Hai Precision Industries trading as Foxconn Technology 
Group) and Microsoft, which means that HMD can begin operations as the new home 
of Nokia phones, under an exclusive global brand license1 for the next ten years.

Nokia branded feature phones remain one of the most popular choices of mobile phone 
in many markets around the world today and HMD will continue to market them as part of 
an integrated portfolio, alongside a new range of smartphones and tablets to be announced
 later by HMD.

Under the agreement, Nokia will receive royalty payments from HMD for sales of every Nokia 
branded mobile phone and tablet, covering both brand and intellectual property rights. Nokia 
is not an investor or shareholder in HMD.