The NCAA Hall of Fame is located downtown, and the city hosts portions of the NCAA basketball tournament each year. âIndyâ boasts a well-rounded arts and cultural scene and the educational opportunities of the nearby Indiana-Purdue joint campus and Butler University.
HMD Global is based in Helsinki, Finland, not far away from Nokia, which is based in Espoo. The CEO of HMD is Arto Nummela, a veteran from Nokia, who worked there for 20 years from 1994 to 2014 and oversaw development of smartphones, product roadmaps, and strategic decisions.
Nokia will retain its patent portfolio, but will give Microsoft a 10-year license to its patents at the time of the deal closing. Microsoft will make available to Nokia about â¬1.5 billion ($1.97bn) in financing in the form of three payments of â¬500 million ($659m) from overseas resources. Nokia shareholders are expected to vote on the deal in an extraordinary general meeting on November 19 this year. Microsoft will build a datacenter in Finland that will serve Microsoft and Nokia customers in Europe.