It's actually a really great turnaround story by Nokia. They sold their sinking mobile phone hardware part of the company to Microsoft. They kept their part of

It's actually a really great turnaround story by Nokia. They sold their sinking mobile phone hardware part of the company to Microsoft. They kept their part of the Nokia Siemens Networks (NSN) and the Nokia Research Center (now Nokia Technologies), which owns all the patents and licenses Nokia has ever developed. They also sold their HERE maps unit to car makers. During all this Nokia bought Siemens share of the NSN and this formed the basis to the new Nokia. Then they bought french networking equipment company Alcatel-Lucent. Now Nokia is one of the worlds largest telecommunications and networking equipment manufacturer along Huawei and Ericsson. Previously Nokia was one of the world largest brands and consumer electronics company.