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Nokia Denies Rumours of Re-entering the Smartphone Market

Image Caption: bwbx

Image Caption: bloomberg 

Nokia denied reports in Chinese media of its plans to return to manufacturing phones.

On its website, the company stated, “Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false”.

However, the Finnish phone-making company declared that it is looking into returning to the smartphones business by brand-licensing.

Last year, Nokia’s phone business was sold to Microsoft, but just months after that it launched a new brand-licensed tablet computer, produced under license by Taiwan’s Foxconn, with an intention to follow up with more devices.

Nokia has signed an agreement with Microsoft that forbids it from entering the phone business before 2016, reports TOI.

Sebastian Nystrom, the Head of Products at Nokia’s Technologies unit, told Reuters in November, “It would be crazy not to look at that opportunity. Of course we will look at it,”

Earlier this month, Nokia announced a takeover of France’s Alcatel-Lucent’s wireless infrastructure to boost its mainstay network equipment business.

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