Announced
Completed
Financials
Tags
Finland
Consumer Electronics
Minority
Friendly
Single Bidder
Completed
Private
mobile phones
Acquisition
Cross Border
Synopsis
Google, Qualcomm and Nokia completed a $230m investment in HMD Global, the maker of Nokia-branded smartphones. "Since the very beginning, HMD Global has worked to build strong bonds with our strategic partners. This additional investment further validates our long-term business strategy and is evidence of our collective mission to make modern mobile technology accessible to everyone. Security, reliability and dependability are the cornerstones of our offering and we will ensure we are using these funds to deliver the best experiences people have come to expect from a Nokia phone. As the only major European smartphone manufacturer, we remain true to our Finnish roots and the hallmarks that our customers trust Nokia phones to be synonymous with. With the support of our heavyweight partners, I am truly excited for the next chapter of Nokia phones," Florian Seiche, HMD Global CEO.
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