Home  ›  News  ›

HMD Global Raises $100M to Expand Nokia Phone Business

Article Comments  

May 21, 2018, 8:03 AM   by Eric M. Zeman

HMD Global today said it has raised $100 million in funding in order to help the company grow. HMD Global is the sole licensee of the Nokia brand and makes and sells Nokia-branded phones that run Google's Android operating system. The company brought its first phones to market in early 2017 and has seen modest success in overseas markets. The company claims to have sold more than 70 million phones in over 80 countries at some 250,000 retail outlets. This year, HMD Global plans to "aggressively expand its portfolio of Nokia smartphones" while also finding more places in which it can sell those phones. "It is our ambition to deliver great smartphones that delight our fans while staying true to our Finnish roots and the hallmarks that the Nokia brand has always been known for," said Florian Seiche, CEO of HMD Global. "We aim to be among the top smartphone players globally and our success to date gives us the confidence to further continue on a growth path in 2018 and beyond." The company has released 11 phones to date. HMD Global was created by former Nokia employees. Its phones are manufactured in China. The most recent Nokia phone made available to U.S. buyers is the Nokia 6 (2018), which can be purchased from Amazon.

more news about:

Nokia
Android
 

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram

 

Playwire

All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.