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HMD Global is new home of Nokia phones

Nokia has confirmed 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 licence for the next ten years, excluding Japan. Read full story

by Stuart Wilson, Thursday 8 December 2016

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