It's a Done Deal... Nokia has just announced the completion of the sale to Microsoft of all of its Devices & Services business to Microsoft. Substantially since two factories were excluded from the deal the Chennai factory in India, but also the Masan factory in South Korea. The deal underwent other changes too the final price is expected to be slightly higher than the initially announced €5.44 billion due to a positive adjustment in net working capital and cash earnings.
The South Korean factory employed roughly 200 people, but Nokia will be closing it down. The fate of the Chennai factory is unclear, but Nokia will be offering financial assistance to its employees so they can "explore opportunities outside Nokia starting from a sound financial base".
What's Next for Nokia ? we will see in the Net few weeks.
Microsoft purchase of Nokia's Devices and Services set to close this month, the Redmond based software giant has been sending out letters to various companies to inform them of the imminent closing of the acquisition.
One bit of information that has been leaked from these letters, is that Microsoft plans on renaming the Nokia Mobile Devision Business to Microsoft Mobile Oy. This was already hinted at in a previous letter from Microsoft to Nokia's customers, that we showed you last week. Here's the letter from Microsoft to Nokia suppliers:
On September 3, 2013, Nokia Corporation announced its intention to sell substantially all of its Devices and Services Business to Microsoft Corporation. We anticipate the transaction to close during April 2014.
Under the terms of the sale, Microsoft will assume all rights, benefits and obligations of the Nokia Devices and Services business, including Nokia's agreements with suppliers, customers and partners which pertain to the Devices and Services business. Therefore, the purpose of this letter is to update you that the current terms and conditions that you have with the Devices and Services business will not change.
Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.
NEW BUSINESS INVOICE DETAILS:
New name and registered address replacing Nokia Oyj/Nokia Corporation is:
Microsoft Mobile Oy
New Bank Accounts: Please note that Microsoft Mobile Oy is going to have new bank accounts, for further information please contact us via AP Portal: https://ap.nokia.com/APPortalExt/Login.aspx (registration required).
There is NO change in the invoice sending method, please continue to send the invoices via electronic channels as before.
For further information on changes (legal address/send to address) after the close of the transaction between Microsoft and the Nokia Devices and Services business, please check our Invoice Address Search tool (IAS):
https://ap.nokia.com/APPortalExt/AddressSearch.aspx (No registration required), or contact us via AP Portal: https://ap.nokia.com/APPortalExt/Login.aspx (Registration required).
Please note that the only changes in the Purchase Order (PO) layout after the close of the transaction will be to remove the Nokia Logo and change the legal address, whereas the PO numbering format and sequence will not change.
Continuation of business with Nokia
In addition to becoming a supplier for Microsoft Mobile Oy, we appreciate that you might also remain a supplier to the continuing businesses of Nokia (i.e., NSN, HERE or Advanced Technologies) after the close of the transaction between Microsoft and Nokia Devices and Services. Nokia will communicate separately any changes in invoicing methods and addresses before the close of this transaction.
Nokia Devices and Services Financial Services Purchase to Pay Team
Nokia has just launched its New flagship device for 2014, the Nokia Lumia 930 with Microsoft's latest Windows Phone 8.1 OS.
The phones features Qualcomm Snapdragon 800 SoC with 2.2GHz quad-core CPU, 2GB of RAM and 32GB of built-in, non-expandable memory on board. The display is a 5-inch super-sensitive ClearBlack AMOLED unit with Full HD resolution (1920 x 1080 pixels) and pixel density of 441ppi.
The main camera of the Nokia Lumia 930 is a 20MP PureView unit with 1/2.5" BSI sensor, f/2.4, OIS, and a dual-LED flash. It is capable of capturing 1080p videos @ 30 fps. The Nokia Lumia 930 is expected to roll out globally in June starting with Europe, Asia, Middle East and India. It's expected to cost $599 (€435) before taxes and subsidies.
Nokia sense of humor this year is way above expectation, The company's blog announces a New PureView Smartphone running Windows Phone 8. The Nokia 3310 PureView, yes, you heard it right...Nokia 3310... that old chubby phone from the 90's.
Nokia 3310 PureView packs a 41 MP PureView camera module we know from the Lumia 1020, which will ensure oodles of photographic fun with the reinvented 3310. Nokia managed to stuff a dual-core processor, 2 GB of RAM, and a microSD slot in dimensions close to the original's casing, gracing the new 3310 with a 3-inch "Clear Diamond" display that sports the generous 768 x 1280 pixels. Head to the source link for more "fooling" info.
Of course it's an April Fools' joke!
The upcoming Nokia Lumia 630 leaks with some demo videos shows it's new OS, Windows Phone 8.1 from Microsoft. The upcoming Windows Phone 8.1 update will bear the name "Cherry Pink Blossom" for current Nokia phones.
The first video shows a short tour of the Lumia 630 hardware, but focuses mostly on the software. The new Action Center is one of the major new features and has Wi-Fi and Bluetooth toggles, a camera shortcut and a brightness toggle.
The second video demos how wallpapers work on WP8.1. We've known for a while that they are coming the tiles become windows with the wallpaper showing through them. It's interesting to see it in action though as there's a parallax effect when scrolling. You can watch both video Below.