NOT OUR PROBLEM: Finland's Nokia said the liabilities of its former unit Nokia Mexico S.A. de C.V. were now held by Microsoft Corp, responding to a Mexican court ruling that Nokia Mexico would have to pay damages for faulty equipment. — Reuters
HELSINKI: Nokia said it has signed an exclusive 10-year licensing deal with Finnish company HMD Global Oy to create Nokia-branded phones and tablets, manufactured by a subsidiary of Taiwan's Foxconn.
Once the world's biggest maker of mobile phones, Nokia was wrongfooted by the rise of smartphones and sold its entire handset business to Microsoft in 2014.
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