Nokia confirms may re-enter mobile phone market through licensing

Nokia confirms may re-enter mobile phone market through licensing

HELSINKI (Reuters) – Finnish telecoms network maker Nokia confirmed late on Monday that it may start designing & licensing mobile phone handsets under its brand name in 2016.

Nokia said it was looking for a partner who would take on the manufacturing, sales, marketing & customer support for the products.

The company said a Nokia mobile phone would not reach the market before the fourth quarter of 2016 when Nokia's agreement with partner Microsoft allows it to use the brand name again.

p> Nokia sold its phone business to Microsoft in 2014 after years of declining sales.

(Reporting by Anna Ercanbrack; Editing by Daniel Dickson)

Nokia

Source: “Reuters”

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