Good News: Nokia Soon to Return to World of Smartphone
Nokia lovers brace yourself as Nokia
announced that they will soon return toto
smartphone business. Nokia announced plans
that will see Nokia return marks for telephony
and mobile tablets markets on a global basis.
Under a strategic agreement covering
trademark rights and intellectual property
licensing, Nokia Technologies will grant HMD
global, a newly established company based in
Finland, an exclusive worldwide license to
create Nokia mobile phones and tablets with
the brand to the next ten years.
Under the agreement, Nokia will receive HMD
global Technologies, royalty payments for the
mobile product sales with the Nokia brand,
which will cover both trademark rights and
intellectual property. Hence, the devices will
be produced by a subsidiary of Taiwan’s
multinational electronics contract
manufacturing company Foxconn.
The company, which was once the largest
manufacturer in the world of mobile phones,
sold its handset business to the tech giant
Microsoft in 2014. However, Nokia got their
patent and began preparing a return to the
market through brand licensing and currently
gets most of its revenue from
telecommunications equipment.
The Finnish multinational communications
and information technology company Nokia
HMD will receive the royalty payments
related to the sale of products with your
brand as we mentioned earlier. “Instead of
the Nokia back to produce cell itself, the
HMD plans to produce mobile phones and
tablets that can enlarge the Nokia brand
value in global markets,” said Ramzi
Haidamus, head of Nokia’s patent unit.
According to the sources, HMD plans to
invest $500 million over the next three years
just to develop and promote the products.
The funds will apparently come from the
investors and the profits will come from the
newly-acquired feature phone business.
Although it has been made clear that the
Finnish multinational communications and
information technology company Nokia’s
involvement in the new devices will be very
short, but, it will be a part of HMD’s
committee and will set compulsory brand
demands and performance-related equipment.
The HMD is a newly established company,
controlled by Smart Connect, an investment
fund managed by Jean-Francois Baril, the
former employee of Nokia. Moreover, the
Finnish multinational communications and
information technology company Nokia still
did not give any details about releases of
new handsets. So, it is still under wraps that
what version of Android Nokia will offer in its
upcoming smartphones.
announced that they will soon return toto
smartphone business. Nokia announced plans
that will see Nokia return marks for telephony
and mobile tablets markets on a global basis.
Under a strategic agreement covering
trademark rights and intellectual property
licensing, Nokia Technologies will grant HMD
global, a newly established company based in
Finland, an exclusive worldwide license to
create Nokia mobile phones and tablets with
the brand to the next ten years.
Under the agreement, Nokia will receive HMD
global Technologies, royalty payments for the
mobile product sales with the Nokia brand,
which will cover both trademark rights and
intellectual property. Hence, the devices will
be produced by a subsidiary of Taiwan’s
multinational electronics contract
manufacturing company Foxconn.
The company, which was once the largest
manufacturer in the world of mobile phones,
sold its handset business to the tech giant
Microsoft in 2014. However, Nokia got their
patent and began preparing a return to the
market through brand licensing and currently
gets most of its revenue from
telecommunications equipment.
The Finnish multinational communications
and information technology company Nokia
HMD will receive the royalty payments
related to the sale of products with your
brand as we mentioned earlier. “Instead of
the Nokia back to produce cell itself, the
HMD plans to produce mobile phones and
tablets that can enlarge the Nokia brand
value in global markets,” said Ramzi
Haidamus, head of Nokia’s patent unit.
According to the sources, HMD plans to
invest $500 million over the next three years
just to develop and promote the products.
The funds will apparently come from the
investors and the profits will come from the
newly-acquired feature phone business.
Although it has been made clear that the
Finnish multinational communications and
information technology company Nokia’s
involvement in the new devices will be very
short, but, it will be a part of HMD’s
committee and will set compulsory brand
demands and performance-related equipment.
The HMD is a newly established company,
controlled by Smart Connect, an investment
fund managed by Jean-Francois Baril, the
former employee of Nokia. Moreover, the
Finnish multinational communications and
information technology company Nokia still
did not give any details about releases of
new handsets. So, it is still under wraps that
what version of Android Nokia will offer in its
upcoming smartphones.
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