Nokia Makes Investment in Mobile Payment Company
Today Nokia announced that it is investing in a California-based company that facilitates mobile payments. Obopay already allows people to make payments to one another via text message in the U.S. and India. Funds are drawn from bank accounts or credit cards that are registered to the mobile phone. Nokia invested in Obopay from its general funds, not its venture capital division, suggesting that Nokia wants to have closer ties to how Obopay operates. Nokia's Teppo Paavolo, head of corporate business development, will be granted a seat on Obopay's board. The size of Nokia's investment was not disclosed.
Hands On with the Nokia 8
The Nokia 8 is the first flagship phone from the "new Nokia". What separates it from the rest of Nokia's current lineup is the dual-camera system with Zeiss lenses.
New Nokia Phones One Step Closer to Reality
HMD Global has hired a former Nokia executive to help kickstart its phone ambitions. HMD Global is a Finnish company that licensed the Nokia name with the intent of making Nokia-branded smartphones.
Nokia Pins Smartphone Comeback on HMD Global
Nokia today said it plans to return to the smartphone business during the first half of 2017 through its partnership with HMD Global. HMD Global recently completed a series of transactions between HMD, FIH Mobile Limited, and Microsoft that will allow it to make phones bearing the Nokia brand.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.