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Wireless

Microsoft exits feature phones, HMD to relaunch Nokia brand

Wednesday 18 May 2016 | 10:44 CET | News
Microsoft has agreed to sell its feature phone business to FIH Mobile, the contract manufacturer owned by Hon Hai/Foxconn Technology Group, and Finnish company HMD Global for USD 350 million. Microsoft said it will remain present in the smartphone market, selling its own Lumia devices and licensing Windows 10 Mobile to other manufacturers. HMD Global will take over the right to use the Nokia brand for making phones, under a ten-year licence with Nokia. It plans to invest USD 500 million in the relaunched brand, making phones, smartphones and tablets on the Android OS. 

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Categories: Mobile & Wireless
Companies: Foxconn / Microsoft / Nokia
Countries: World
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