Nokia CEO Rajeev Suri in an interview with German publication Manager Magazin mentioned that the company is looking forward returning to the phone industry.
“We will look for suitable partners,… Microsoft makes mobile phones. We would simply design them and then make the brand name available to license.”
According to the deal that took place between Microsoft and Nokia in the autumn of 2013, the latter is not allowed to use its brand until the Q4 of 2016. Due to that, the once mobile giant is planning to reboot in 2016 and start designing and licensing handsets again. The Fin company will essentially partner up with a manufacturer, such as Foxconn (NASDAQ: FXCOF), and start developing phones after all. That report comes hours after Stephen Elop, Nokia’s former CEO, announced that he is leaving Microsoft (NASDAQ: MSFT) to return to his roots.
Get in touch with the writers at editor@TheUSBPort.com.
Have something to add to this story? Sound off in the comments’ section below.