Nokia-Microsoft deal is going to close soon and a leaked Nokia’s letter to its existing Devices and Services business suppliers base reveals two interesting things. First revelation is about renaming of Nokia Oyj to Microsoft Mobile Oy, which will be a wholly-owned Microsoft subsidiary and may be the name of Microsoft’s mobile devices arm. Good thing for suppliers is that current terms and conditions that they have with the Devices and Services business will not change post deal-closure.
"Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices."
Nokia has already announced that 25th April will be the date of Nokia-Microsoft deal-closure. The deal faced hurdles in China due to local vendor’s apprehensions and in India due to the ongoing tax issues.
In an interesting development, HTC has shown interest in buying Nokia’s Chennai plant, if it is up for sale!
This is an era that is being laid to rest today. It is a little sad especially considering that Nokia once dominated the world's mobile phone market. One cannot help but wonder how, and when everything went south...
This is an era that is being laid to rest today. It is a little sad especially considering that Nokia once dominated the world's mobile phone market. One cannot help but wonder how, and when everything went south...
Microsoft Mobile? They always use the most obvious names.
SvaraRadera