New Nokia with MS

                           New Nokia with MS

Microsoft Mobile is a multinational mobile phone and mobile computing device manufacturing company headquartered in Espoo, Finland, and a wholly owned subsidiary of Microsoft. It is a legal body that oversees and legally represents the activities in the design, development, manufacture and distribution of mobile phones, smartphones, tablet computers, related accessories and services. Microsoft Mobile was established following the acquisition of Nokia's Devices and Services division by Microsoft, which was completed in April 2014.Microsoft Mobile got the right to sell mobile phones under the Nokia brand name as part of a 10-year licensing agreement, as long as those phones are based on the S30+ platform which comprises feature phones. Future "Lumia" smartphones fell out of this license and couldn't be released bearing the Nokia brand. In October 2014, it was announced that future Lumia devices would carry the Microsoft name and logo instead of "Nokia".

History

Nokia Corporation (Finnish: Nokia Oyj, Finnish pronunciation: [ˈnokiɑ], UK /ˈnɒkiə/, US /ˈnoʊkiə/) is a Finnish multinational communications and information technology company, founded in 1865. Nokia is headquartered in Espoo, Uusimaa, in the greater Helsinki metropolitan area. In 2014, Nokia employed 61,656 people across 120 countries, conducts sales in more than 150 countries and reported annual revenues of around €12.73 billion. Nokia is a public limited-liability company listed on the Helsinki Stock Exchange and New York Stock Exchange. It is the world's 274th-largest company measured by 2013 revenues according to the Fortune Global 500. The company is a component of the Euro Stoxx 50 stock market index.

The company currently focuses on large-scale telecommunications infrastructures, and technology development and licensing. Nokia is also a major contributor to the mobile telephony industry, having assisted in development of the GSM and LTE standards, and was, for a period, the largest vendor of mobile phones in the world. Nokia's dominance also extended into the smartphone industry through its Symbian platform, but it was soon overshadowed by the growing dominance of Apple's iPhone line and Android devices. Nokia eventually entered into a pact with Microsoft in 2011 to exclusively use its Windows Phone platform on future smartphones. In September 2013, Microsoft announced that it would acquire Nokia's mobile phone business as part of an overall deal totaling €5.44 billion (US $7.17 billion). Stephen Elop, Nokia's former CEO, and several other executives 

joined the new Microsoft Mobile subsidiary of Microsoft as part of the deal, which was completed on April 25, 2014. Since the sale of its mobile phone business, Nokia began to focus more extensively on its telecommunications infrastructure business, marked by the divestiture of its Here Maps division. In January 2016, Nokia acquired French telecommunications company Alcatel-Lucent to grow their innovation, network equipment, wireless technology and services.