Nokia is all set and ready to make a comeback in first half of 2017 as an Android-based smartphone.
Espoo, Finland-based HMD Global has signed a 10-year brand licensing contract with Nokia where it will create new Nokia branded phones, and will own Nokia’s existing range of feature phones that are sold across the world. The agreement, signed six months ago and effective from today, also includes tablets.
“With a leading position in feature phones market already, HMD has a significant global foothold including Americas, Europe, Asia, Middle East, Africa, India and China from day one,” the company said in a statement Thursday.
“Driven by the extremely positive reception we have received since HMD was announced earlier this year, we’re excited about building the next chapter for Nokia phones,” CEO Arto Nummela said.
HMD Global and Foxconn completed the acquisition of Microsoft mobile phone business – including feature phones and smartphones – under which Foxconn International Holdings (FIH) will manufacture the devices.