Nokia as we know it will be gone… as least by name. Microsoft will complete its acquisition of the Finnish company’s phone unit, Nokia Oyj, and will be renamed Microsoft Mobile Oy by April 25.
According to a leaked letter to Nokia’s suppliers, Microsoft will gain control of all rights, benefits, and obligations of Nokia Devices and Services business unit.
“This acquisiion will help Microsoft accelerate innovation and market adoption for Windows Phone,” Microsoft’s Executive Vice President of Legal and Corporate Affairs Brad Smith said in a statement. “In addition, we look forward to introducing the next billion customers to Microsoft services via Nokia mobile phones.”
The statement also includes revisions from the original agreement, including taking Nokia employees in China into Microsoft, having originally been designated to stick with the former.
Microsoft will also take control and manage the nokia.com domain, as well as Nokia’s official social media channels for at least a year.
Will Microsoft Mobile be able to turn its struggling fortunes? Data from global consumer analyst Kantar Worldwide ComTech shows that Windows had a 10 percent market share for smartphones in United Kingdom on February 2014, compared to a 32 percent share for iOS and 54 percent for Android.
Source: Telegraph
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