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Nokia sold its mobile phone business to Microsoft in 2014, which was sold by Microsoft to HMD Global Oy in 2016. So now when we talk about Nokia, there is Nokia mobile phone, owned by HMD Global Oy , and Nokia Corporation , a large international company, with annual revenue of 23.315 billion euros.
Is Nokia made by Microsoft?
After a partnership with Microsoft and Nokias subsequent market struggles, in 2014 Microsoft bought Nokias mobile phone business, incorporating it as Microsoft Mobile.
Who owns Nokia currently?
Nokia is currently owned by HMD Global. Nokia originally sold its mobile phone division to Microsoft in 2013 who operated it under the name Microsoft Mobile.
Does Nokia still exist?
Although Nokia sold its mobile phone business to Microsoft, it found a way back into the smartphone market through a brand-licensing model. In 2016, HMD Global, a company founded by former Nokia executives, acquired the rights to design, manufacture, and sell Nokia-branded smartphones and tablets.
What are the benefits of Nokia phones?
Nokia phones feature high-quality materials and go through product testing more vigorous than the industry average. And with 2 years of security patches and 3 years of Android upgrades, your phone is made to last, inside and out.
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In 2016, Microsoft sold the Nokia smartphone business for $350 million to a subsidiary of Hon Hai/Foxconn Technology Group and HMD Global, led by former Nokia and Microsoft mobile executives. HMD has an exclusive license to use the Nokia brand on mobile phones and tablets.
What is the relationship between Nokia and Microsoft?
So, after having been making business for a few years with them, in 2014 Microsoft stepped in and acquired all Nokia mobile phone operations for no less than 3.79B, plus another 1.65 billion to license its portfolio of patents.
Related links
Remuneration Report 2020
(1) The 2020 performance share plan has a three-year performance period based on absolute total shareholder return. The maximum payout is 200% subject to
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