News |

Nokia to Get a Billion Dollars from Microsoft

Mobile phone giant Nokia will get over a billion dollars from Microsoft for adopting its Windows Phone system, according to sources at the news agency Bloomberg. Both parties are still keeping the details of their deal under wraps, since the final agreement has not yet been signed.

Nokian toimitusjohtaja Stephen Elop ja Microsoftin toimitusjohtaja Steve Ballmer kättelevät
Image: Daniel Deme / EPA

At the Mobile World Congress fair in Barcelona in February, Nokia CEO Stephen Elop said the deal with Microsoft would be worth billions to Nokia. Now Bloomberg sources reveal that the sum exceeds a billion dollars and the contract’s duration is five years.

Under the reputed arrangement, Microsoft will get its investment back in royalty payments. Meanwhile Nokia saves on research and development costs.

The two companies have not yet released the details of their cooperation agreement. A Nokia spokesperson told Bloomberg that they would be revealed only after the final agreement is signed.

Discuss this topic 0 comments

Write a comment

Use a nickname. We don't publish comments using real names.

Stick to the topic. Only comments relevant to the subject will be published.

Reply this question. We want to make sure this comment is not generated automatically.

Your comment will be read by an editor before publication. We want to offer the opportunity for a well-reasoned, quality discussion including a variety of views. For more specific rules of the game, click here.

Latest in: News

Headlines

News

Friday's papers: Stubb's not-so-harmonious quartet, a teary farewell and some heated issues at home and abroad

Many media eyes were on the aftermath of a political reshuffle that saw the Greens Party officially announce their departure from government on Thursday afternoon. However, a few other tidbits also made the headlines, notably Putin's reportedly bellicose comments to a German paper, a Helsingin Sanomat report on unsatisfactory fire brigade response times and Iltalehti's focus on the juicier aspects of a former ice hockey player's memoirs.

Our picks

Latest

Muualla Yle.fi:ssä