Nokia is back
Andy
chinatopwin
2016-12-13 09:12:53
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
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
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
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
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.