Nokia brand licensee HMD Global is now the new home of Nokia phones
December 01 2016 - 5:10AM
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!"
Today also sees the return of Nokia branded
phones to the Nokia website at www.nokia.com/phones. The website
for Nokia phones is operated by HMD.
1 Excluding Japan
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