he story of Nokia's mobile business has taken a turn following news that Microsoft is selling its entry-level feature phone assets to FIH Mobile, a subsidiary of Chinese hardware manufacturer Foxconn, and new company HMD Global for US$350 million.
According to the press release, the assets will include brands, software and services and a care network.
Fans of Lumia have nothing to worry about though, as Microsoft also announced that it would continue to manufacture the brand.
"Microsoft will continue to develop Windows 10 Mobile and support Lumia phones such as the Lumia 650, Lumia 950 and Lumia 950 XL, and phones from OEM partners like Acer, Alcatel, HP, Trinity and VAIO," a statement revealed on Wednesday.
(Read also: Nokia sees fall in Q1 profits, gives cautious outlook)
Based on a report by The Verge, Finland-based HMD Global is helmed by Arto Nummela, a former Nokia executive who later worked for Microsoft, and is largely involved in producing and selling Android smartphones and tablets; the fact that strongly suggests Nokia fans will soon be able to get their hands on more Android versions of the brand.
Nokia unveiled its first Android tablet dubbed N1 in late 2014. With a US$250 price tag, the N1 comes with a 7.9-inch display, 8-megapixel camera on the rear, 32GB onboard storage and Android Lollipop operating system. However, the product was not widely available around the world. (kes)
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