RIP Nokia! Nokia will now be Microsoft Mobile
In an email to registered users, Nokia has confirmed the change of name to Microsoft Mobile. “With the completion of this transaction, a Microsoft Finnish affiliate* assumes responsibility for your personal data and the contractual relationships for the products and services related to this business. Microsoft cares deeply about your privacy and the protection of your personal data and will continue to collect and use your personal data in the same ways and for the same reasons as Nokia, and you should experience no difference as a result of the sale,” the email says. The contact details at the end of the email reveal the new name, Microsoft Mobile Oy.
[pullquote-right]Oy is a Finland’s equivalent to Ltd/Corporation while Oyj is for “public stock company”.[/pullquote-right]
The Microsoft Mobile division will stay in Finland as a wholly-owned subsidiary of Microsoft while the official business address will be changed from Nokai HQ on Keilalahdentie to Keilaranta in Esbo, Finland.
Last October, then-Nokia CEO Stephen Elop (who is now heading up Microsoft’s devices division), hinted the Nokia brand may disappear in the future, along with the Lumia range.
“What we have to decide is what the brand will be,” he a said. “Because we have not decided what brand will be dominant for smartphones, that’s work that’s still ahead. And of course the way we’ll go through that process is to assess with consumers what they respond most positively to, what conveys the best message and the best hopes of success.”
Nokia is entangled in tax dispute with Indian authorities over its Chennai handset manufacturing plant which employs about 6,600 people. The company has often indicated that transfer of Chennai plant with over all Nokia handset business may be adversely impacted if the dispute remains unresolved.
Recently the company offered voluntary retirement scheme to its employees in Chennai, India and about 700 employees till date are learnt to have opted for it. Nokia India spokesperson, however, declined to confirm the number.
Finnish handset major Nokia today said it expects US $ 7.2 billion deal with Microsoft for sale of its mobile devices and services business to complete by the end of this month Nokia has to complete the deal before April end otherwise it will loose $50 million as fine.