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Nokia back in phone biz

It’s official: Nokia is returning to the phone business. Sort of. Nokia will license its brand and IP to a new manufacturing entity, HMD Global Oy, as well as Foxconn-owned FIH Mobile Ltd.

HMD and FIH will "collaborate" on a global business for Nokia-branded mobile phones and tablets.

The deal allows Microsoft to shed its feature phones business, which Microsoft never really wanted in the first place. Nokia-branded tablets are also mentioned. Full story to follow. ®

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