Nokia-Branded Phones to Make a Comeback
Nokia and Microsoft today put in motion a series of deals that will eventually lead to Nokia-branded handsets returning to the market. Microsoft has agreed to sell its feature phone business to FIH Mobile Limited, a subsidiary of Foxconn, for about $350 million. The deal will include the transfer of select assets, such as manufacturing facilities and about 4,500 employees. At the same time, Nokia has agree to license its brand to Finland-based HMD global Oy, which has partnered with FIH Mobile to make smartphones and tablets. HMD expects to spend $500 million over the next few years to increase its ability to make and market mobile devices. Nokia said in addition to branding rights, it will supply HMD with cellular standard essential patent licenses in return for loyalty payments. Nokia itself will not invest in HMD. FIH Mobile's parent company, Foxconn, manufacturers the iPhone for Apple.
Oct 9, 2017
TCL today announced the BlackBerry Motion, a follow-up to the KEYone that drops the keyboard in favor of a larger touch screen. The Motion boasts a 5.5-inch full HD screen that's covered in a nano-diamond coating to prevent scratches.
Jan 9, 2018
TCL Communication today announced three new devices falling under the Alcatel brand. These phones are the first in a range of affordable devices that target different price points.
Feb 25, 2018
Samsung today announced the Galaxy S9 and S9+ phones, updates to last year's S8 models. The devices bear a striking resemblance to their predecessors and make only modest changes to the hardware.
Mar 27, 2018
Foxconn says it has agreed to acquire Belkin International for $866 million in cash. Foxconn, a unit of Hon Hai Precision, is most widely known for manufacturing iPhones for Apple.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.