Microsoft Completes Acquisition of Nokia's Phone Biz
Nokia today announced that it has completed the sale of its handset business to Microsoft. The deal, first announced last September, is valued at $7.2 billion. The companies had to make some last-minute adjustments to the terms of the deal. Notably, Nokia was forced to exclude its manufacturing facilities in Chennai, India and Masan, Korea. Nokia has agreed to use the Chennai facility to manufacture devices for Microsoft as needed, but it will close the Masan facility. Microsoft gains several top Nokia executives, including former Nokia CEO Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber. Nokia remains committed to its networking business, and Microsoft is now officially a maker of smartphones. Elop will head Microsoft's phone business and said, "At our core, we are passionate about building technology that will change the world. From the early vision of Microsoft of placing a PC in every home and on every desk, to Nokia connecting billions of people through mobile devices, we have empowered generations. We are committed to continuing our support for feature phones, the Asha family, and the Nokia X family of devices." Elop called today's handover the first step in a new, long-term journey.
Microsoft to Close Nokia Finnish Phone Production Site
Microsoft today confirmed it plans to fully close a facility in Salo, Finland, that was formerly used to create and produce mobile phones. Microsoft will leave the Nokia facilities in Espoo and Tampere open, but plans to cut about 2,300 jobs in Finland in total.
Microsoft Prepared to Cut More Jobs
Microsoft is planning to announce a new round of layoffs as early as today, reports the New York Times. Many of the cuts will target employees in Microsoft's hardware group, such as the smartphone unit it bought from Nokia in 2014.
Nokia and Samsung Settle Patent Licensing Deal
Nokia today said it has reached an agreement with Samsung over the licensing of its wireless patents. The companies have been disputing the value of Nokia's patents since Nokia sold its handset division to Microsoft.
Nokia Dishes More On Possible Phone Plans
Nokia CEO Rajeev Suri today reiterated that the company would like to return to the phone business, but said it is in no rush. Speaking at the Mobile World Congress trade show, Suri noted that Nokia will not manufacture its own handsets, but will instead license its brand to an outside manufacturer.
Microsoft Trots Out Nokia 222 Feature Phone
Microsoft today announced the Nokia 222, a bar-style feature phone that runs Nokia Series 30+ and includes only the most essential functions. The Nokia 222's core apps include MSN Weather, Bing Search, Opera Mini, as well as Facebook, Facebook Messenger, and Twitter.