Nokia looking for partner to re-enter smartphone market
Finnish telecoms network maker Nokia has confirmed that it may start designing and licensing mobile phone handsets under its brand name in 2016.
Nokia said it was looking for a partner who would take on the manufacturing, sales, marketing and customer support for the products.
The company said a Nokia mobile phone would not reach the market before the fourth quarter of 2016 when Nokia's agreement with partner Microsoft allows it to use the brand name again.
A Nokia spokesman said: "We will look for the right partner who can take on the heavy lifting and work closely with us to deliver a great product. As we agreed with Microsoft, the soonest that could happen is Q4 2016 - so it's safe to say Nokia won't be back [at least in phone form...] before then,"
Nokia sold its phone business to Microsoft in 2014 after years of declining sales.