Microsoft officially sells the phone business of Nokia

Microsoft has repeatedly expressed dissatisfaction with the sales performance of the classic Nokia phone. Now, Microsoft Corporation has officially announced the sale of its business for the production of "dumb" cell phones. As it became known, he will go to the companies FIH...

2016-05-18 21:49:02 168

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Microsoft has repeatedly expressed dissatisfaction with the sales performance of the classic Nokia phone. Now, Microsoft Corporation has officially announced the sale of its business for the production of "dumb" cell phones.

Microsoft officially sells the phone business of Nokia

it is learned that he will go to the companies FIH Mobile (a subsidiary of the Chinese Foxconn) and the Finnish Global HMD. The sum of transaction will make $350 million As expected, the sale process will be completed in the second half of this year. As part of the transaction, together with enterprises, employing 4.5 thousand employees, new employers will get services and rights to use the Nokia brand in cell phones that are not smartphones. Foxconn will also inherit the existing contracts with retailers and suppliers. Under the agreement, FIH Mobile will also receive a production unit Microsoft Mobile Vietnam in Hanoi, Vietnam.

Nokia today, may 18, announced the signing of a strategic license agreement with Global HMD, which will be able to resume production of mobile phones and tablets under its own brand in the next 10 years. Global HMD is an independent company located in Finland, created specifically for the release of phones, smartphones and tablets under the Nokia brand.

Microsoft officially sells the phone business of Nokia

the Microsoft Corporation, after the sale of the business to create push-button phone will continue the production of business smartphones running Windows 10 Mobile and also will support the Lumia smartphones such as Lumia 650, Lumia 950 and Lumia 950 XL) and maintain cooperation with companies like Acer, Alcatel, HP, Trinity, VAIO and other partners.


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