Nokia is expected to bounce back in mobile phone business

Nokia 215 by Microsft

Nokia’s phone business was acquired by Microsoft, but that’s not stopping it from returning to its recent roots. In an interview with German publication Manager Magazin, Nokia CEO Rajeev Suri confirmed that Nokia is expected to bounce back in mobile phone business. Suri said:

[signoff icon=”quote-circled”]”We will look for suitable partners, Microsoft makes mobile phones. We would simply design them and then make the brand name available to license.”[/signoff]

According to the agreement signed with Microsoft, Nokia is restricted from using its brand on phones until Q4, 2016, and it’s clear the firm plans to simply license its name out rather than build the phones itself. We have already seen this happen with the N1 tablet that runs Android. In a similar move, Nokia will partner with a manufacturer and simply brand the phone hardware. The Finnish company has promised it will license its brand where appropriate on a number of devices in the future.

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