Nokia is back!!!
This seems to be the statement that the yesteryears king, Nokia wants to make.
HMD Global plans investments topping $US500 million.
To shake up the market and offer something that excites the fickle market will be difficult.
Nokia seeks to make the shoppers remember its rugged feature phones and a very recognised after sales backbone.
It is now worth around $US30 billion.
Florian Seiche, also a former Nokia executive and current Microsoft manager, will be president at HMD.
The venture will make smartphones running Android, and also plans tablets and cheaper, so-called feature phones.
FIH Mobile, part of Foxconn Technology Group, will help to build the devices.
The new venture also marks an exit from cheaper phones by Microsoft.
As part of the arrangements announced Wednesday, Microsoft is selling its feature-phone assets to FIH and HMD.
source: www.techworm.net
