Microsoft announced an agreement to sell its Nokia phone business to FIH Mobile, a subsidiary of Foxconn, and another company called HMD Global, for about $ 350 million.
Once the deal is complete, its roughly 4.500 employees companys will "have the opportunity" to join the staff of FIH Mobile, or HMD Global. At the moment we don't know who HMD Global is, but it was founded in Finland in 2015. In Finland, if you remember, Nokia was also founded.
Interestingly, Nokia (confirmed) plans to return to mobile and tablet devices globally through a "strategic agreement covering branding and licensing."
"Today marks the beginning of an exciting new chapter for Nokia's brand name in an area where Nokia remains a big 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 the Nokia 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 our licensing business model.”
So an important commercial signal Nokia after selling its mobile business to Microsoft, it seems that the company has the opportunity to continue with Nokia Networks, and Nokia Technologies, to keep the brand alive on a global level.
It should be mentioned that although Nokia Technologies was quite quiet until recently it developed the virtual reality (VR) device Ozo, a camera, and bought the company Withings for $ 192 million.
