Nokia has officially announced that the company has signed a licensing agreement enabling HMD global to create the new generation of Nokia-branded mobile phones.
Nokia officials said,
We are proud to announce that the Nokia brand will be returning to the worldwide mobile phone and tablet market.
So, under a new agreement, Nokia Technologies has granted HMD, a new company led by some of the world’s top mobile specialists, an exclusive global license to create a full range of Nokia-branded smartphones, tablets, and feature phones for the next decade.
HMD has been founded to provide a focused, independent home for a full range of Nokia-branded feature phones, smartphones, and tablets. To complete its portfolio of Nokia branding rights, HMD announced today that it has conditionally agreed to acquire from Microsoft the rights to use the Nokia brand on feature phones, and certain related design rights.
As also announced today by FIH Mobile Limited (FIH), a subsidiary of Hon Hai Precision Industries (trading as Foxconn Technology Group), the remainder of Microsoft’s feature phone business assets, including manufacturing, sales and distribution, would be acquired by FIH. HMD and Nokia Technologies have signed an agreement with FIH to establish a collaboration framework to support the building of a global business for Nokia-branded mobile phones and tablets.
Techmobilizer | Nokia
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