Nokia and HMD Global have agreed to extend the licensing agreement for several years. However, the Nokia brand's smartphones will no longer be sold. Cooperation will remain exclusively on functional phones, Gizmochina reports.
According to the question, the contract, the agreement, which was to expanded in 2026, has been extended for another three years. At the moment, companies have not made official statements.
HMD Global produces Nokia brand devices in India and China factories. India remains the main market, both sales volume and as an export center.
According to IDC statistics, HMD Global is undoubtedly a leader in the Indian functional market, making 22.4% of the total number of delivered devices and 30.7% of the total. In 2024, according to forecasts, deliveries of functional telephones in the country will reach almost 54 million units.
Nokia and HMD Global announced in May 2016 about the partnership, within the framework of which HMD should have produced smartphones and phones under the Finnish brand.
Translation of: Euromedia24.com
