File photo: Nokia 720
For several years now, Nokia has been aloof in the mobile market after being king in said market for quite some time.
Recently, news have been going around that Nokia might be returning in the mobile products scene with Android phones and tablets.
Do keep in mind that Nokia is not allowed to sell smartphones until the end of the year since they were acquired by Microsoft in late 2014.
However, Nokia announced that they signed strategic brand and intellectual property licensing agreement enabling HMD global, a new company, to create new generation of Nokia-branded mobile phones and tablets.
HMD plans to invest over $500 million over the next three years to support the global marketing of Nokia-branded mobile phones and tablets, funded via its investors and profits from the acquired feature phone business.
Nokia will provide HMD with branding rights and cellular standard essential patent licenses in return for royalty payments, but they will still oversee everything. They will have a seat on HMD’s board of directors and handing out several cellular patents and designs to help retain the trademark Nokia consumer expectations including quality, design and consumer focused innovation.
Are you excited to see a Nokia Android phone or tablet?