A Finnish multinational communications and IT company Nokia is founded in the year 1865. It is said to be one of the major contributor of mobile phones in GSM and LTE standards. In order to increase their technology and services it procured french company Alcatel Lucent in Jan 2016.
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Nokia is now planning to launch smartphones and tablets world wide. They are going to design smartphones based on Android. Recently it also signed an agreement with HMD which is a company established in Finland. To manufacture the products Nokia has taken license from HMD. For this deal HMD is paid by Nokia for their services.
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On the other hand HMD is also spending 500 $ for marketing the Nokia products for three years. This was all done because Microsoft is selling the featured phone business to FIH mobile and HMD global. This deal costs $350 million which includes Nokia brand name, Microsoft devices and manufacturing facilities. This process will be completed by the second half year and the role of CEO is handled by Arto Nummela.
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This HMD venture create a smooth relationship between Nokia and FIH which is the subsidiary of Foxconn. From now Nokia will be one of the board of directory in HMD Globals. After the completion of the agreement HMD going to sell Nokia products as Android smartphones and tablets. Earlier Nokia launched N1 tablet but not received success but hope this time would be success with the HMD.
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Nokia will not stop manufacturing windows based mobiles. That is they continue Lumia brand by maintain partnerships with HP, Acer, VAIO and Alcatel. Apart from window mobiles Nokia is going or planning to launch Android phones.