Nokia brand phones may return in 2016

Finnish company wants to re-enter market through licensing

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Nokia may return to the mobile phone industry through designing and licensing products under its brand name in 2016, the company has confirmed in a statement.

“The right path back to mobile phones for Nokia is through a brand-licensing model,” Nokia said.

The Finnish telecom company is seeking a partner to take on the “heavy lifting” and assume responsibility for the manufacturing, sales, and support for the products.

“That’s the only way the bar would be met for a mobile device we’d be proud to have bear the Nokia brand, and that people will love to buy,” the company said.

Nokia sold its phone business to Microsoft in 2014. According to the deal Nokia is not allowed to use its brand on mobile phones before the last quarter of 2016.

“It’s safe to say Nokia won’t be back (at least in phone form...) before then,” the statement said.

TRTWorld and agencies