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

#Microsoft’s #Symbian phones sold to #FIH

ovi-nokia-logo_1

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.

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: