Do you think Microsoft has bought Nokia? If you think so, you may want to sit down for this. Whatever follows, is radically a bad news for you people.
If you know the Microsoft Nokia deal, you could still check this out to ensure I have added all the points!
Here is the deal:
- Microsoft has not bought the entire Nokia.
- Microsoft has bought the Devices and Services division of Nokia.
- Devices and Services division is now called Microsoft Mobile Oy.
- Microsoft Mobile Oy in Finland is a subsidiary of Microsoft Corporation.
- Oy is the abbreviation of Osakeyhtiö in Finnish language which means Private Limited Company. (Microsoft Mobile Private Limited Company)
- Microsoft has paid EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business and EUR 1.65 billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash.
- Nokia is restricted from licensing the Nokia brand for use in connection with mobile device sales for 18 months and from using the Nokia brand on Nokia’s own mobile devices until October 2015. In other words, Microsoft has licensed to use the Nokia brand on mobile phones (Nokia Asha, Other Nokia Symbian devices, Nokia X and Nokia feature phones) for 10 years and on Lumia for 18 months.
- Nokia may end up making hardware soon after this deal is over or it may even start producing mobile devices again after 18 months, which is 2016 onwards however as per the deal Nokia will not make phones during the deal period.
- Nokia still has 3 other trades:
o HERE Maps
o NSN (Nokia Solutions and Networks)
o Advanced Technologies.
- Microsoft owns the Lumia and Asha brands which they can continue to use even after the 18 months or after the 10 years limit but without the Nokia brand along with them. Nokia also owns the Nokia brand and Microsoft does not have the right to use the Nokia brand on Lumia phones after 18 months as per the terms of the agreement of this deal.
- Nokia still remains to be a separate company and they own the Nokia brand as they both are two different companies.
- Most of the Lumia exclusive apps such as Nokia Camera, Nokia Cinematograph, Nokia Refocus, Nokia PlayTo, etc. will remain to be exclusive to Lumia and will not be available to other Windows Phone devices any time soon.
I always wanted to explain this since many had asked me why I still blog about Nokia even after it went kaput! I wanted you guys to know that Nokia still exist. I always failed to recall and today I finally managed to pull this off!
Click here to read the Service Terms
Source – Nawzil
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