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Nokia is Coming Back as Foxconn bought the Nokia Name for $350m!

    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 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.

    nokia phones

    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, display inches, the face and many other important changes!