Home > Uncategorized > #Microsoft’s #Symbian phones sold to #FIH

#Microsoft’s #Symbian phones sold to #FIH


On Wednesday, May 18, Microsoft announced an agreement to sell the company’s entry-level feature phone to FIH Mobile Ltd., (FIH) a subsidiary of Hon Hai/Foxconn Technology Group, and HMD Global, Oy (HMD). As part of the sale, FIH Mobile Ltd., and HMD Global Oy will take over all of the manufacturing, sales, and marketing functions related to Microsoft’s feature phone business.  As a result, your sales and marketing relationship with respect to Nokia feature phones will transfer from Microsoft to the Buyer’s legal entity.   The transaction is expected to close by the end of calendar year 2016, subject to regulatory approvals and other closing conditions.

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