The New Nokia - News & Updates

[kumarvishwas]

Nokia returns to mobile phones with brand-licensing deal


Nokia said it has signed an exclusive 10-year licensing deal with Finnish company HMD Global Oy to create Nokia-branded phones and tablets.

Nokia said it has signed an exclusive 10-year licensing deal with Finnish company HMD Global Oy to create Nokia-branded phones and tablets, manufactured by a subsidiary of Taiwan's Foxconn.

Once the world's biggest maker of mobile phones, Nokia was wrongfooted by the rise of smartphones and sold its entire handset business to Microsoft in 2014.

It however held on to its phone patents, and started to prepare a comeback by brand-licensing, although it has had to wait due to a non-compete deal with Microsoft.

Nokia, which currently makes most of its sales by telecom network equipment, said on Wednesday it will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both brand and intellectual property rights.

"Instead of Nokia returning to manufacturing mobile phones itself, HMD plans to produce mobile phones and tablets that can leverage and grow the value of the Nokia brand in global markets," said Ramzi Haidamus, head of Nokia's patent unit.

Earlier on Wednesday, Microsoft announced it would sell its entry-level phone assets to Foxconn's subsidiary FIH Mobile and HMD for $350 million.

As part of that deal, HMD is buying from Microsoft the rights to use the Nokia brand on basic phones until 2024.

"Together, these agreements will make HMD the sole global licensee for all types of Nokia-branded mobile phones and tablets," HMD said in a statement.

HMD, a newly-established firm, is owned by Smart Connect LP, a private equity fund managed by former Nokia executive Jean-Francois Baril, and its management.

Nokia declined to give any timetable for new devices. The deal between Microsoft and HMD is expected to close in the second half of 2016.

Microsoft has struggled with the phones business and last year wrote off $7.5 billion from the former Nokia unit.

However, Microsoft on Wednesday said it will continue to develop its Lumia smartphones.

Shares in Nokia rose 1.3 percent by 1003 GMT.

http://telecom.economictimes.indiatimes.com/news/nokia-returns-to-mobile-phones-with-brand-licensing-deal/52325795

 

[rahul1117kumar]

Nokia coming back to smartphone and tablet market with new Android devices

After Microsoft announced that it will sell its feature phone business to FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology Group and and HMD Global for $350 million, Nokia has announced that it will be back to the worldwide mobile phone and tablet market, as it had promised . It has grant exclusive global license to HMD, a new company based in Finland to sell Nokia-branded feature phones, Android smartphones and tablets for the next ten years.

“Under the agreement, Nokia Technologies will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both brand and intellectual property rights,” said the company. HMD plans to invest over US$ 500 million over the next three years to support the global marketing of Nokia-branded mobile phones and tablets, funded via its investors and profits from the acquired feature phone business.

Once the Microsoft transaction closes, Arto Nummela, who previously held senior positions at Nokia and is currently the head of Microsoft’s Mobile Devices business for Greater Asia, Middle East and Africa, as well as Microsoft’s global feature Phones business will be the CEO of HMD. Florian Seiche, who is currently Senior Vice President for Europe Sales and Marketing at Microsoft Mobile will be the president of HMD.

Regarding the deal and agreement with FID and HMD, Nokia said: 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. This agreement will give HMD full operational control of sales, marketing and distribution of Nokia-branded mobile phones and tablets, with exclusive access to the pre-eminent global sales and distribution network to be acquired from Microsoft by FIH, access to FIH’s world-leading device manufacturing, supply chain and engineering capabilities, and to its growing suite of proprietary mobile technologies and components.

Nokia will provide HMD with branding rights and cellular standard essential patent licenses in return for royalty payments, but will not be making a financial investment or holding equity in HMD.

Nokia coming back to smartphone and tablet market with new Android devices

 

[Anup Tiwari]

RE: Nokia coming back to smartphone and tablet market with new Android devices

Good news i hope good comptition start in smart phone market

 

[rahul1117kumar]

Nokia is planning to re-enter the smartphone business in 2017, a slide from Nokia's Capital Markets Day 2016 has revealed.

The event that was held on November 15 for investors, the company stated that 2017 will represent "Nokia brand's return to smartphones.," Phone Arena reported on Friday.

Since it does not have the required manufacturing facilities, Nokia will rope in Finnish company HMD Global, and Taiwanese giant Foxconn to manufacture the smartphones.

Led by former Nokia execs, HDM will "develop, market and sell Nokia-branded phones and accessories", while Foxconn is dealing with R&D and manufacturing, the report added.

The first smartphone of Nokia after its come back is rumoured to be the D1C that runs on
Android 7 Nougat with a Snapdragon 430 processor, and offers a 1080p display and 3 GB of RAM.

Nokia: Back with a bang? Nokia to re-enter the smartphone business - ET Telecom

 

[Bapun]

Long time we are hearing this news. But nothing happening in reality.

 

[mystic]

Thankfully Nokia finally understand Android power.

 

[Ritesh]

Thankfully Nokia finally understand Android power.

They already understood that when they sold everything to Microsoft.
Aida bana ke Peda khane ke liye ready hai Nokia.[emoji23]

 

[Sarkar]

Nokia should focus on budget to mid range market if they want to succeed

 

[Optimus_Prime]

Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival. The message of this story is, if you don’t change, you shall be removed from the competition. It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated.

 

[mr.lollu]

Before Android Nokia Symbian was powerful those who have used will know it even though Android doing good old Symbian was Best