US tech giant Microsoft could pay Finnish vendor Nokia more than US$1bn to develop Windows-based handsets over five years, reported Bloomberg citing sources.
Under their smartphone agreement, which is still being finalised, Nokia will in turn reportedly…
US tech giant Microsoft could pay Finnish vendor Nokia more than US$1bn to develop Windows-based handsets over five years, reported Bloomberg citing sources.
Under their smartphone agreement, which is still being finalised, Nokia will in turn reportedly pay Microsoft a fee for each copy of Windows 7 OS used on its phones.
Nokia announced its widely anticipated strategic partnership with Microsoft on 11 February.
The move was made as part of efforts to address significant competition from smartphone rivals Apple and Google.
Announcing the partnership at the time, Nokia president and CEO Stephen Elop said: “Nokia is at a critical juncture, where significant change is necessary and inevitable in our journey forward.
“Today, we are accelerating that change through a new path, aimed at regaining our smartphone leadership, reinforcing our mobile device platform and realizing our investments in the future.”
Microsoft and Nokia were unable to comment.
