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Microsoft Gets Back with Nokia After a Failed $7 Billion Smartphone Deal

In 2016, Microsoft sold the Nokia smartphone business for $350 million to HMD Global which now sells Nokia-branded phones

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FILE - A sign for Microsoft is seen on a building in Cambridge, Massachusetts, March 18, 2017. VOA

After a failed $7 billion acquisition of Nokia’s smartphone business five years back, Microsoft has announced a strategic collaboration with the Finnish company to accelerate transformation and innovation across industries with Cloud, Artificial Intelligence (AI) and Internet of Things (IoT).

The new partnership brings together Microsoft cloud solutions and Nokia’s expertise in mission-critical networking, to help enterprises and communications service providers (CSPs) transform their businesses.

“Bringing together Microsoft’s expertise in intelligent cloud solutions and Nokia’s strength in building business and mission-critical networks will unlock new connectivity and automation scenarios,” Jason Zander, executive vice president, Microsoft Azure, said in a statement on Tuesday.

BT is the first global communications service provider to offer its enterprise customers a managed service that integrates Microsoft Azure cloud and Nokia SD-WAN solutions.

“Together, we will accelerate the digital transformation journey towards Industry 4.0, driving economic growth and productivity for both enterprises and service providers,” said Kathrin Buvac, President of Nokia Enterprise and Chief Strategy Officer.

Nokia has made several small to medium-sized acquisitions as part of a strategy to build up a standalone software business to deliver higher profit margins than its classic communications hardware products.
Headquarters of Nokia. Wikimedia Commons

The Nokia Digital Automation Cloud (Nokia DAC) 5G-ready industrial-grade private wireless broadband solution with on-premise Azure elements will enable a wide variety of secure industrial automation solutions.

“For example, connected smart tools and machines on manufacturing floors that enable increased productivity, flexibility and safety for workers, or autonomous vehicles and robots in industrial environments that improve automation, efficiency and overall safety,” said Microsoft.

Also Read: Tech Giant Google to Help Build Open Source, Highly Secure Chips

Enterprises will be able to use Azure IoT Central and partner solutions for faster and easier enablement and implementation of their IoT applications together with Nokia’s IoT connectivity solutions.

In 2014, Microsoft acquired Nokia’s smartphone business. The company later quit the smartphone business, laying off thousands of employees.

In 2016, Microsoft sold the Nokia smartphone business for $350 million to HMD Global which now sells Nokia-branded phones. (IANS)

Next Story

Upcoming Smart TV of Nokia gets Certification from BIS

Last week, Flipkart entered into a strategic partnership with Nokia to launch Nokia smart TVs in India

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Nokia
Nokia is a globally popular technology brand and enjoys immense brand recall, Thus its Smart TV is Much Awaited in the Market. Pixabay

Nokia upcoming smart TV has been certified by BIS (Bureau of Indian Standards), hinting that there will be a 55-inch display with 4K UHD resolution and is expected to launch soon.

The 55-inch TV will have Android Pie and will come with Google Play Store pre installed along with Intelligent Dimming technology providing better contrast ratio.

Also, it has been confirmed to feature JBL Audio, GSMArena reported on Wednesday.

Last week, Flipkart entered into a strategic partnership with Nokia to launch Nokia smart TVs in India.

Nokia
The 55-inch Nokia TV will have Android Pie and will come with Google Play Store pre installed along with Intelligent Dimming technology providing better contrast ratio. Wikimedia Commons

As part of the collaboration, Flipkart will leverage its understanding of the needs of Indian consumers to develop, facilitate domestic manufacturing and distribution of Nokia-branded smart TVs and manage the end-to-end go-to-market strategy.

ALSO READ: Fitbit to Unveil Latest Update for its Smartwatch

“Working with Nokia allows us to further expand the choice of high-quality, technologically advanced products for Indian consumers. Nokia is a globally popular technology brand and enjoys immense brand recall. We’re excited to start this journey with them to extend the brand into a fast-growing product segment,” Adarsh Menon, Senior Vice-President and Head-Private Brands, Electronics and Furniture at Flipkart said at the time. (IANS)