After Nokia denied its plan to make a comeback in the mobile phone industry in April 2015, Nokia’s CEO finally confirmed its plans to make a comeback in 2016.
According to Time, Rajeev Suri, Nokia’s CEO, told the German business Manager Magazin that the company is planning to design mobile phones in the near future. Starting in 2016, other mobile phone manufacturers will have the ability to license Nokia.
Suri said, “We will look for suitable partners”.
Nokia was previously barred from re-entering the mobile phone industry. At the time Microsoft bought the mobile phone business in 2013, it was part of the agreement that Nokia will have to stay out of the market until 2016.
Suri further confirmed the company’s plan to make a comeback in the market by designing mobile phones. He said, “Microsoft makes mobile phones. We would simply design them and then make the brand name available to license.”
During the third week of June 2015, Microsoft executive Stephen Elop, who left the company to head Nokia, returned to Microsoft. This move became a signal that Microsoft will focus more on software.
In the first quarter of 2015, Nokia released a mobile device called the N1 Android Tablet. The mobile gadget was produced in partnership with Foxconn, a Taiwanese manufacturer. From this partnership, there have been speculations that Nokia will produce new Android mobile phones with the help of Foxconn.
Nokia acquires Alcatel-Lucent
The French-American company Alcatel-Lucent was acquired by Nokia earlier in 2015 to help secure their position in the U.S. market.
Nokia is also looking into selling their maps business, HERE. Many companies in different industries like car service Uber and German automobile manufacturer have expressed their interest in the business, however, Suri has not revealed yet which company may win the deal.
Suri said, “Anybody who can improve the business in the long run is a good buyer”.