Microsoft Completes Acquisition of Nokia's Phone Biz
Updated: added comments from Elop.
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.
T-Mobile Outs Windows 10 VR Phone From Alcatel
T-Mobile today listed the "Alcatel IDOL 4S with Windows 10 VR" on its web site. The unique version of the Idol 4S not only runs Windows 10, but sports many of the upgrades available in the related BlackBerry DTEK60, such as the high-end Snapdragon 820 processor, 21-megapixel camera, and USB Type-C connector, none of which are in the standard Idol 4S.
Microsoft Makes Branding Change Official
Microsoft today indicated its branding transition from Nokia Lumia to Microsoft Lumia is progressing as planned. Microsoft has slowly been rebranding apps, services, and web sites from Nokia to Microsoft.
Microsoft's Jo Harlow to Depart, Too
Microsoft has confirmed that Jo Harlow, head of the company's mobile phones, will leave alongside device chief Stephen Elop in the weeks ahead. Harlow began at Nokia in 2003 and played a role in Nokia's switch to Windows Phone in 2011.
Nokia to Idle Indian Manufacturing Plant
Nokia has indicated it will cease production at a facility located in Chennai, India. Nokia still owns and operates the plant despite the fact that it sold its handset division to Microsoft earlier this year.