Nokia Returns: gets its mobile devices business back

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“We are proud to announce that the Nokia brand will be returning to the worldwide mobile phone and tablet market.” That is the opening line of an official statement by Nokia on its return to the mobile phone and tablet market. Ladies and gentlemen, Nokia returns to the mobile hardware market and it all unfolds before our eyes. You must be itching to find out how it happened. Come with me.

Nokia Technologies has struck an agreement with “HMD, a new company led by some of the world’s top mobile specialists” and granted it an exclusive global license to create Nokia-branded smartphones, tablets, and feature phones. The new Nokia smartphones and tablets will run Android OS.

Nokia Returns

Nokia Returns: Behind The Scenes Action

HMD Global Oy is based in Finland (just like Nokia). The new company announced today that it has agreed to acquire all Nokia rights from Microsoft LOOL. Are you following this?

While Nokia says that it won’t have any direct financial investments in HMD, Nokia Technologies will take a seat on the Board of Directors, and Arto Nummela, ex-Nokia executive and current head of Microsoft Mobile Devices will be CEO of the new company. HMD’s Chairman/President will be another ex-Nokian and current Micorosoft Mobile executive. HMD is Nokia. Plain and simple.

Remember my 2014 prediction that in the future Nokia could return to mobile phones by acquiring back its mobile division from Microsoft Will Nokia Inc One Day Buy Back Their Mobile Division?? Well…..close. Very close. In effect, Nokia is obtaining its mobile devices unit back from Microsoft.

Nokia returns! Sing the Hallelujah Chorus with me, somebody. Hallelujah! Hallelujah! Hallelujah! halle-e-lu-u-jah!

One comment

  1. Funny, I was just reading about Microsoft selling off Nokia’s feature phone arm. The company making them in future will be…HMD Global and FIH Mobile, a Foxconn subsidiary.

    Bearing in mind that Foxconn is responsible for the existing Nokia tablet. Interesting times ahead.

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