Nokia phones used to be some of the most celebrated phones on the market, and then they sold their phone division to Microsoft. After Microsoft had their way with Nokia, morphing the brand into Lumia, Nokia was still not allowed to sell Nokia branded phones. Now that the contract with Microsoft has expired, Nokia phones are ready to make a comeback through HMD Global. HMD Global will be the official Nokia phones licensee and they’re pretty excited about landing the deal with Nokia.
— Pranav Shroff (@TheShroffster) December 1, 2016
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.
Brad Rodrigues, interim president of Nokia Technologies, said:
“We’ve been overwhelmed by the enthusiasm shown around the world for the return of the Nokia brand to smartphones. The HMD Global team has the ambition, talent and resources to bring a new generation of Nokia branded phones to market, and we wish them every success. I’m sure our millions of Nokia fans will be excited to see their new products!”
Nokia branded phones have returned to the Nokia website as of today, now there’s nothing earth shattering there just yet, but we have hopes Nokia may return with some great products. What do you think of Nokia’s return? Let us know in the comments below or on Twitter, Facebook and Google+.Source: Nokia