Nokia Technologies will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both the brand and the intellectual property rights.
Can the launch of smartphones under its own brand name by Finnish company HMD Global - despite having a licence to use the Nokia brand which it bought from Microsoft - help it regain its once dominant position in the mobile phone sweepstakes in India, where it was once routed? In 2009, Nokia was the country's largest MNC with revenues of $4 billion and a market share touching 80 per cent in 2010. After this, its fortunes fell. Although it had been the first global player to set up an assembly plant, not only to assemble phones for the local market but for exports, it had to shut down operations in 2014.
Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports. The company only began exporting late last year with the Nokia 105 Classic. What started mainly with feature phones will now extend to smartphones - it announced the global launch of models under the HMD brand for the first time a few days ago and these will be available in India too.
Valued at Euro 35 billion, Nokia is the world's fifth most valuable brand, after Coca Cola, Microsoft, IBM and General Electric. With annual turnover at 3.6 billion euro, India contributed nearly seven per cent to Nokia's total global revenues of 51 billion euro in 2007. Nokia has invested $ 210 million for setting up a manufacturing facility in Tamil Nadu and the Indian facility is 1 of the best among 9 Nokia factories. It has estimated 100mn new phone subscribers in India.
All future smartphones from Microsoft will be under the Microsoft brand, which means Nokia brand will now be phased out.
Reports suggest that the new handset would feature the Microsoft logo, 5-inch display, 1.2GHz processor, 1GB RAM and 8GB storage.
Nokia on Tuesday issued a warning over its mobile BL-5C batteries manufactured by Matsushita Battery Industrial Co Ltd of Japan between December 2005 and November 2006, saying that the batteries may overheat while charging.
Lumia 630 is no exception although this time the shape is more flat and blocky than usual.
With the Nokia XL, which was unveiled in the country on Thursday, the company has entered the Android phablet arena.
"All the products that we have announced -- Nokia 3310, Nokia 6, Nokia 5 and Nokia 3 -- will be available in the second quarter of this year in India. Average global selling price for Nokia 3310 is 49 euros," HMD Global Oy Chief Marketing Officer Pekka Rantala said.
The phone maker seeks to protect market share via budget smart phones, dual-SIM devices and more.
Eyeing emerging markets for its affordable smartphones, Microsoft launched its first Lumia device without the iconic brand name of Nokia.
A consumer study has ranked Nokia as the most preferred brand in mobile phones followed by Samsung and Reliance.
Yes, Nokia phones are back. This time with android Nougat OS and fingerprint scanners.
The smartphone is priced at Rs 9,199.
With the India launch of Nokia 3, Nokia 5 and Nokia 6 confirmed, buzz around the launch of the flagship Nokia 8 grows.
Looking inside the unconventional flagship smartphone.
HMD, the company that now markets the Nokia brand, has unveiled its new flagship Nokia 8. And the phone ticks all the right boxes of a standard flagship, says Ashish Narsale.
Microsoft is encouraging Indian developers to be innovative and come forward with their new ideas.
All eyes this year, however, are on Nokia's latest launches.
Lumia 830 is the last phone to carry the iconic Nokia branding. But is it geared to take on the competition? Himanshu Juneja has the answer.
The Nokia 7 plus smartphone, with 6.00-inch full HD+ display, lets you have the big screen experience, says Debashish Pachal.
Within a year of selling its handset and services business to Microsoft, Nokia has again entered the mobile devices segment by unveiling a new tablet N1 in partnership with Taiwanese company Foxconn.
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium, its targeted and data driven approach and the increasing cost of offline channels for sales and distribution.
What is driving the digital-first approach of traditional, legacy brands? Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium.
The revival of feature phones in India is driven by low-cost access to the internet, but the 'dumb phones' are learning to get smart and create a niche, says Veer Arjun Singh.
The once-popular brand plans to try its luck in the smartphone market with reliability as its key proposition.
10 things you must know about Microsoft Nokia Lumia 638 before you pay Rs 8,300 for it!
The phone has some interesting features, and should be able to attract Windows-based phone users' attention who are on a budget, says Himanshu Juneja.
Nokia is hiring software experts, testing new products and seeking sales partners.
There's more to Nokia Lumia 730 than just a 5 MP front-facing selfie camera. Himanshu Juneja takes you through the good and not-so-good features of Microsoft's selfie smartphone.
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