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Posts: 285 | Thanked: 1,900 times | Joined on Feb 2010
#3
From what I can interpret from news....

Microsoft is going to sell it's dumbphone business, including manufacturing, sales and distribution to Foxconn, or more precisely, FIH Mobile Limited which is one of it's subsidiaries. HMD Global Oy is a new company, which has signed a deal with Nokia Technologies for exclusive rights for Nokia trademark in mobile phones and tablets for ten years. Additionally, there is a tentative agreement with Microsoft to use Nokia trademark and certain design features in dumbphones. It would be interesting to know who are the investors behind HMD Global.

To spice up the spaghetti, HMD has signed a deal with FIH to support and develop the global sales effort of Nokia branded devices.

And as everyone probably guessed, the devices will be based on Android.

Edit: some additional information... HMD is founded in 11/2015, registered in Finland. Mostly run by former Nokia- and Microsoft executives, the future CEO Arto Nummela is currently leading some Asian and African mobile operations in Microsoft and chairman of the board is Florian Seiche, from Microsoft Mobile. Biggest owners are Smart Connect LP fund, lead by former Nokia executive Jean-Francois Brail and the board of directors of HMD.

Last edited by JulmaHerra; 2016-05-18 at 10:18.
 

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