Microsoft sells Nokia feature phone business

By on
Microsoft sells Nokia feature phone business

Microsoft is selling its entry-level feature phone assets to FIH Mobile Ltd and HMD Global Oy for US$350 million.

FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology, would also acquire Microsoft Mobile Vietnam as a part of this deal, Microsoft said.

The company said its 4,500 employees from Vietnam will transfer to or will have an opportunity to join FIH Mobile or HMD Global Oy.

Microsoft will transfer all of its feature phone assets, including brands, software and services, care network and other assets, customer contracts, and critical supply agreements to both the companies as a part of the deal.

Microsoft will continue to develop Windows 10 Mobile and support Lumia phones from OEM partners, the company said.

Reporting by Sangameswaran S in Bengaluru; Editing by Sunil Nair

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

Have you noticed any of the recent public cloud outages?
Yes, it's caused a lot of headaches
Yes, but it's only a minor inconvenience
Yes, but it hasn't had any impact on business
What outages?
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?