Monday, June 22, 2015
Last year, Nokia closed a deal to sell its cell phone and services division to Microsoft for $7.5 billion, but just over a year later, the Finnish company is talking about getting back into the phone game.
In an interview with German publication Manager Magazin, Nokia CEO Rajeev Suri indicates the company is looking for suitable partners to return to the mobile phone business saying:
"Microsoft makes mobile phones. We would simply design them and then make the brand name available to license."
The news comes a day after Microsoft announced that former Nokia CEO Stephen Elop is leaving the company.
It looks as if Nokia will partner with a manufacturer to design and brand a handset, a strategy similar to Polaroid. But don’t expect anything soon, since Nokia isn’t allowed to use its name for branding on phones until Q4, 2016.
By: DocMemory Copyright © 2023 CST, Inc. All Rights Reserved
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