- American City Business Journals•2 months ago
Microsoft has sold the company's entry-level Nokia feature phone business to FIH Mobile Ltd. for $350 million. FIH Mobile is a subsidiary of Hon Hai/Foxconn Technology Group, and HMD Global, which is based in Finland and run by former Nokia and Microsoft executive Arto Nummella. The sale is part of Microsoft’s continued withdrawal from the mobile phone business.
FIH Mobile LimitedHKSE
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