Today, Microsoft has finally closed the deal of acquiring Nokia’s Devices and Services business. The $7.1 billion deal which was announced last year in September gives Microsoft ownership of Nokia’s smartphone products—including the Lumia line, the entry-level Asha devices, and the Android-powered Nokia X phones—as well as access to the Finnish company’s portfolio of patents through a licensing agreement.
At the beginning of this week, the Nokia Corporation/Nokia Oyj name changed to Microsoft Mobile Oy in a leaked letter to suppliers ahead of today’s announcement. Microsoft is following its mobile and services strategy in a bid to compete with companies like Apple that have been combining hardware and software to deliver a great experience to their users.
“Today we welcome the Nokia Devices and Services business to our family. The mobile capabilities and assets they bring will advance our transformation,” said newly appointed Microsoft CEO Satya Nadella in a press release. “Together with our partners, we remain focused on delivering innovation more rapidly in our mobile-first, cloud-first world.”
Microsoft will leverage on Nokia’s decades of perfection in hardware design, manufacture and distribution to deliver services that will keep its users hooked onto its platform.
Microsoft Mobile Oy is now headed by Former Nokia CEO, Stephen Elop and will be responsible for Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel (PPI) products, and accessories.
This is the last day you’ll hear about Nokia as you used to know it!
Image: Extremetech
About David Okwii
David Okwii is the Editor-in-Chief of Dignited.com and a seasoned tech enthusiast whose journey began in the early 2000s. He started blogging while at university, diving deep into mobile apps, smartphone reviews, and operating systems—from testing Linux distros to tweaking Windows machines. David also explores Chromebooks, experiments with Raspberry Pi projects, and brings hands-on curiosity to every review. With vast experience in Uganda’s tech ecosystem and deep knowledge of Africa’s startup landscape, he offers informed, grounded perspectives on consumer technology. When he's not writing or tinkering, David enjoys connecting with nature and exploring the outdoors.
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