This could be the best shocking news of today, we all know that Nokia packed up and stopped making mobile phones some years back, and if we could remember, the advent of Blackberry, and then the incoming of Android was all that was needed to beat the once dominant force in the mobile phones industry.
I woke up this morning to see news online about a company many of us have practically forgotten, making a comeback to the industry. Microsoft may not have been the best management for the Nokia brand, and that has pushed a recent agreement that involves Microsoft, Nokia Technologies, Foxconn and HMD Global. What was the agreement? Please sit tight as we break it down.
Microsoft will be offloading a part of its feature phones to a mysterious Finish private firm, HMD Global and a Foxconn subsidiary, FIH Mobile. What we heard from Nokia Technologies was HDM Global will be acquiring the rights to use the Nokia name on its Smartphones and tablets for the next 10 years.
This agreement also spells that Nokia will have a say in the development of all Nokia branded Smartphones, they will pass all mandatory brand requirements and performance provisions as set by Nokia, and Nokia will be having a seat on HMD’s board. This deal simply means that the former Nokia executive, and current Mobile Executive at Microsoft, Arto Nummela, will be heading the board of HMD Global.