NOKIA SOLD FOR $350m-business

Nokia will be coming back with full force.

Nokia Smartphones will make a mega

comeback in a brand licensing deal made

by the Finnish company with HMD Global

Ltd. to manufacture Android based Nokia

branded handsets for the next 10 years.

Microsoft has just sold the Nokia Name to

Foxconn but Microsoft has transferred the

rights to use the Nokia brand and feature

to HMD. So Nokia Name is no longer dead,

Microsoft will be bringing the Name to life.

Foxconn and HMD bought the Nokia's

Feature Phone Business From Microsoft

with the sum of $350 Million. HMD, a

newly formed Finnish company, aims to be

only global licensee for Nokia branded

mobile phones and tablets.

But in recent years, Foxconn has shown

signs of desire for a more public profile. In

2014, the Taiwanese company began

developing its own mobile accessories, but

denied that it planned to enter the

smartphone market directly.

That is still technically true. Following the

sale of Nokia, a Foxconn subsidiary, FIH,

will acquire everything left of Microsoft's

feature phone business. After the dust

settles, HMD will be running the Nokia

brand with Foxconn as an exclusive

licensee.

When Microsoft bought Nokia,in 2014, for

US $7.2 Billion, the Redmond based

computing giant dropped the name "Nokia"

and continued to use the name Lumia.

In a statement, 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".

I hope there will start producing and

launching more interesting Phone Names,

different iOS, display inches, the face and

many other important changes!