Ann Gabriel | GoGaGaH

Yes, you heard it right. Nokia Mobile Phones are making a comeback in the smartphone market. In a recent announcement made by Microsoft, the software giant is now offloading  Nokia to a Foxconn subsidiary, HMD Global.

HMD is said to be acquiring the rights to use the Nokia name on the smartphones and tablets for the next ten years. It won’t take long until we see Nokia branded smartphones and tablets that are running on Android this time.

HMD has planned to invest $500 million over the next three years for the development and promotion of the products. Investors are now pouring in money for the newly-acquired feature phone business. Although Nokia’s involvement in the production of the new devices will be limited, HMD said that Nokia will still be part of the new HMD boards and will assure future customers that Nokia’s brand requirements and other performance related provisions will be carried out.

It is said that the likes of Arto Nummela, the current head of Microsoft’s Mobile Devices business for Greater Asia, Middle East and Africa as well as Microsoft’s global Feature Phones business will serve as CEO for the new transaction. Florian Seiche, HMD’s President,  currently the Senior Vice President for Europe Sales and Marketing at Microsoft Mobile, will also hold an important post.

The move ensures that the Nokia quality will be maintained for the new generation smartphones, because the name of Nokia will be at stake if the devices fail to live up to its name. FIH Mobile will be the manufacturer of the new HMD smartphones and tablets.

HMD now gets access to Nokia’s vast arsenal of mobile patents from the deal.

Only time will tell when we get to see the Nokia handsets and tablets again, but this time with an Android OS.