Which US technology major has agreed to sell Nokia branding rights to Finnish firm HMD Global?
A. IBM
B. Apple
C. Microsoft
D. None of the above
Answer:C
Which US technology major has agreed to sell Nokia branding rights to Finnish firm HMD Global?
A. IBM B. Apple C. Microsoft D. None of the above
Explanation: US technology major Microsoft, the owner of Nokia’s mobile device business, has agreed to sell the latter’s branding rights to Finnish firm HMD Global and contract manufacturer Foxconn for $350 million. In a separate agreement, Nokia Technologies will grant HMD Global Oy (HMD), a newly-founded company based in Finland, the exclusive global licence to create Nokia—branded mobile phones and tablets for the next 10 years. Under the pact, Nokia Technologies will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both the brand and the intellectual property rights.