Friday, June 19, 2015

Nokia to soon start making mobiles again



Once, the world's largest manufacturing company plans to start making handsets again once after an agreement with Microsoft allowing it in 2016. "We will look for suitable partners,"Rajeev Suri said in an interview published on Thursday. "Microsoft makes mobile phones. We would simply design them and then make the brand name available to license".

Finland's Nokia sold its phone business to Microsoft in 2014 after years of declining sales. as it failed to keep up with new innovations from other mobile companies. 

Nokia in April announced a 15.6 billion-euro ($17.8 billion) takeover of Alcatel-Lucent in a bid to boost the network equipment business that is now its mainstay. 

Many analysts expect Microsoft to write off all or part of the $7.2 billion it paid for Nokia's handset unit, a deal that left Microsoft with a money-losing business and only 3 percent of the smartphone market.

Microsoft manager Stephen Elop, whom the U.S. software giant installed as Nokia chief executive for a time, is now leaving Microsoft in a sign the company is turning away from the hardware devices business he headed and back to its cor.e software business


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