HMD officially takes over the Nokia phone business

HMD officially takes over the Nokia phone business

Starting today, HMD Global Oy is now the home of Nokia phones and tablets. The exclusive license extends 10 years forward and covers the whole world (sans Japan). Nokia, the company, will receive royalty payments for Nokia-branded products made by HMD (for both the name and for the intellectual property used). Its important to note that Nokia, the company, is not an investor or a shareholder in HMD. That said, HMD is a Finish company