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.
The deal is split between the phone-making unit and Nokia's patents. Microsoft will spend $5 billion (â¬3.79bn) on the phone-making unit, and $2.17 billion (â¬1.65bn) on licensing Nokia's patents. 32,000 Nokia employees will transfer to Microsoft, including 4,700 people in Finland.