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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nokia Corp | NYSE:NOK | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.27% | 3.68 | 3.73 | 3.68 | 3.71 | 13,590,941 | 01:00:00 |
From May 2019 to May 2024
Nokia Corp., the Finnish company that once dominated the cellphone industry, is planning a comeback.
The company, which has refashioned itself into a maker of wireless and Internet network equipment, won't be making cellphones directly.
Rather, Nokia said Wednesday that it would grant brand, patent and design rights to a newly created company based in Finland, HMD Global Oy, through a 10-year exclusive agreement.
The Finnish company said HMD has yet to complete a transaction with Microsoft Corp. over certain branding and design rights the U.S. company owns since buying Nokia's cellphone business two years ago.
Wednesday's announcement marks Nokia's second step toward a return to the consumer products arena in weeks. Last month, the company said it planned to buy Withings SA, a French startup that was among the first companies to make Internet-connected devices that track users' health.
Write to Matthias Verbergt at Matthias.Verbergt@wsj.com
(END) Dow Jones Newswires
May 18, 2016 06:45 ET (10:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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