Technology, Uncategorized, WORLD

Goodbye Nokia: Iconic Brand will be renamed as “Microsoft Mobile”

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You can now bid farewell to your Nokia phones because the iconic brand that catapulted the rise of early cellular phones is going to officially say goodbye this month. By May, Nokia is but a history.

In a leaked memo uploaded by Nokiapoweruser, it was revealed that the Finland-based company will be renamed as Microsoft Mobile Oy.

Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.”

Oy and Oyj, for those who are unfamiliar with Finland terms, are business designations. So, in its official English-based name, the company will be simply known as Microsoft Mobile.

However, the new branding does not mean that Nokia will be totally out of the picture. This move is just a way of  Microsoft and Nokia to rally their sales against giant Smartphone brands such as Samsung and Apple under a unified partnership .

Nokia will still manage the company and will only grant Microsoft to run their patent portfolio for ten years. On the other hand, Microsoft will allow  them to use the patents of the company in its services.

It was noted that last year, Microsoft announced its plans to struck an acquisition deal that cost over $7.2 billion dollars made up of Nokia’s devices, services businesses, license in patents and mapping services.

“Our Windows Phone partnership over the past two and half years has yielded incredible work – the stunning Lumia 1020 is a great example. Our partnership has also yielded incredible growth. In fact, Nokia Windows Phones are the fastest-growing phones in the smartphone market,” Microsoft CEO Steve Ballmer said in an official email published by the company.

Despite the brand change, Nokia users, especially those who owned the latest Lumia models need not fret as the devices and services will not change.

It is expected that with this new shift of the two companies, around 32,000 Nokia employees will transfer to Microsoft. These consists of 4,700 people from Finland and 18,000 employees who are directly involved in manufacturing, assembly and packaging of products worldwide.

Here is the full content of the letter:

Nokia-supplier

Dear Supplier,

On September 3, 2013, Nokia Corporation announced its intention to sell substantially all of its Devices and Services Business to Microsoft Corporation. We anticipate the transaction to close during April 2014.

Under the terms of the sale, Microsoft will assume all rights, benefits and obligations of the Nokia Devices and Services business, including Nokia’s agreements with suppliers, customers and partners which pertain to the Devices and Services business. Therefore, the purpose of this letter is to update you that the current terms and conditions that you have with the Devices and Services business will not change.

Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.

NEW BUSINESS INVOICE DETAILS:

New name and registered address replacing Nokia Oyj/Nokia Corporation is:

Microsoft Mobile Oy

Keilaranta 7

02150 ESPOO

Finland

New Bank Accounts: Please note that Microsoft Mobile Oy is going to have new bank accounts, for further information please contact us via AP Portal: https://ap.nokia.com/APPortalExt/Login.aspx (registration required).

There is NO change in the invoice sending method, please continue to send the invoices via electronic channels as before.

For further information on changes (legal address/send to address) after the close of the transaction between Microsoft and the Nokia Devices and Services business, please check our Invoice Address Search tool (IAS): https://ap.nokia.com/APPortalExt/AddressSearch.aspx (No registration required), or contact us via AP Portal: https://ap.nokia.com/APPortalExt/Login.aspx (Registration required).

Please note that the only changes in the Purchase Order (PO) layout after the close of the transaction will be to remove the Nokia Logo and change the legal address, whereas the PO numbering format and sequence will not change.

Continuation of business with Nokia

In addition to becoming a supplier for Microsoft Mobile Oy, we appreciate that you might also remain a supplier to the continuing businesses of Nokia (i.e., NSN, HERE or Advanced Technologies) after the close of the transaction between Microsoft and Nokia Devices and Services. Nokia will communicate separately any changes in invoicing methods and addresses before the close of this transaction.

Best regards,

Nokia Devices and Services Financial Services Purchase to Pay Team

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