Nokia just collects licensing fees from this. The main force behind this is Foxconn who wants to reduce its dependency on Apple. HMD global incensed the brand

Nokia just collects licensing fees from this. The main force behind this is Foxconn who wants to reduce its dependency on Apple. HMD global incensed the brand and sells and markets the phones. Foxconn is manufacturing the phones and also behind the funding. Nokia has seat in the board and and it gives HMD global access to Nokia patents and R&D that comes out from Nokia Technologies.