Instead, the task falls on the fledgling HMD Global Oy, led by former Nokia executives.
Some of the activities are now sold to FIH Mobile Limited, in cooperation Finnish HMD will manufacture the new products.
Today begins an exciting new chapter for the Nokia brand in an industry where the name will remain iconic.
Instead of making the phones themselves will HMD ensure that our new phones and tablets, deliver and increase the value of our brand globally, says Ramzi Haidamus, president of Nokia Technologies.
The new phones will use Android instead of Windows Phone earlier.
Something launch date is not currently available, but the deal is expected to be completed during the second half of in 2016.