Microsoft acquired Nokia’s devices and services business for a heavy sum of $7.2 billion last year. The Finnish company can no longer use the Nokia brand name on smartphones till Q4 2016, and on feature phones for ten years. Once the biggest smartphone maker in the world failed to catch up with the fast-growing market trends set by Apple and Google. But, as most of us considered, it was not the demise of the titan.
Nokia is planning to bounce back to the smartphone business sometime next year. Reports by online publishing daily Recode suggest that Nokia is gearing to make a comeback in the mobile business, and is [...]
Nokia, the Finnish equipment maker who recently sold its mobile business unit to Microsoft, is reportedly considering selling its maps business HERE. The move reflects its plan to boost the company’s core wireless network unit and push up the shares rating.
According to a report by Bloomberg, the company is in talks with potential buyers such as Uber Technologies and a number of private-equity firms, as stated by people familiar with the matter. The source revealed that some German carmakers have reached Nokia for the same and will bid for its maps service, expected to take place as soon as this month.
With the legendary Nokia name getting scrapped off the mobile market listings, everyone is wondering what’s next for the company. Under the acquisition agreement, Nokia’s phone business is now owned by Microsoft. Nokia is now left with it Nokia Networks, Technology and the Here Maps business. But it seems like the company is contemplating a re-entry into the consumer electronics business.
The new boss who is entrusted with taking the business of the fallen giant spoke of the company’s future plans in London. CEO Rajeev Suri said that the company will make a re-entry into the consumer market. It was his answer to [...]