As a someone who has Nokia shares and follows the company, I would say Nokia is still 'hold', not necessarily buy. This phone/tablet deal is low risk reasonable

As a someone who has Nokia shares and follows the company, I would say Nokia is still 'hold', not necessarily buy. This phone/tablet deal is low risk reasonable reward deal for Nokia. If HMD Global reaches its goals, Nokia will get nice royalties and the brand value grows. Nokia's two main businesses are Nokia Networks (Mobile Networks, Fixed Networks, IP/Optical Networks and Applications & Analytics ) and Nokia Technologies (patent licensing, proprietary technology licensing, brand partnerships, incubation and research labs). Nokia Networks business model is clear and in good shape. Nokia Technologies is basically massive patent portfolio and large R&D arm without products (unless research goes to Networks). Profits come trough licensing deals. Whitings, VR efforts etc. might pay off or not.