Photograph: Antti Aimo-Koivisto/AFP/Getty Images
Soon, you ll be able to buy a Nokia again, 18 months after Microsoft quietly killed the name, seemingly for good.
Meanwhile, the manufacturing, distribution and sales arms of Nokia have been bought by iPhone manufacturer Foxconn, which has also agreed to build the new Nokia phone for HMD.
The chief executive of HMD global, Arto Nummela, said: We will be completely focused on creating a unified range of Nokia-branded mobile phones and tablets, which we know will resonate with consumers.
After the dust settles, HMD will be running the Nokia brand with Foxconn as an exclusive licensee.
This agreement will give HMD full operational control of sales, marketing and distribution of Nokia-branded mobile phones and tablets, with exclusive access to the pre-eminent global sales and distribution network to be acquired from Microsoft by FIH, access to FIH s world-leading device manufacturing, supply chain and engineering capabilities, and to its growing suite of proprietary mobile technologies and components.
In September 2013, Microsoft announced it would buy Nokia s mobile phone business for €5.4bn £4.2bn .