Apparently HMD is across the street from Nokia and is run be former Nokia execs. HMD gets the brand, Nokia gets the royalties. Almost like a step-subsidiary.

Apparently HMD is across the street from Nokia and is run be former Nokia execs. HMD gets the brand, Nokia gets the royalties. Almost like a step-subsidiary. Not sure what the agreement was with MSFT but certainly a great save of their IP and brand given the circumstances.