HMD get funding from Nokia, Qualcomm and Google

I got (H. M. D. Global) HMD Global – the company that produces the new phones that carry the Nokia brand – the $ 230 million of new funding from investors, including: Nokia , andQualcomm, andGoogle.

The Finnish company said on Tuesday that it will use the capital to invest in the development of smart phones that support 5G, which hopes to sell it in the United States in partnership with local telecom operators. The funds will be used also to help the HMD on expansion in markets, such as: Brazil, Africa, India, and to other areas, such as: programs and services, along with gear.

Owns HMD the rights to the design and marketing of Nokia phones since the conclusion of a joint deal with the company (Foxconn) Foxconn China is to buy a mobile phone unit of telecommunications company and the Finnish giant Microsoft in the year 2016. And Foxconn phones, while Nokia on the royalty payments for each phone it sells HMD. Has sold the HMD of about 70 million phones last year and it has sold more than 240 million phone until now.

The company Microsoft has acquired on the phones of Nokia in 2014 due to the failure of its phones running Windows Phone, but the American company failed in failed in Nokia. Since the acquisition of HMD on the sector, the company sought to launch updated versions of the old Nokia phones try to breathe nostalgia has users, launched phones, like: Nokia 8110, in addition to Smart leading download sign Nokia is working with Android operating system from Google.

Said HMD network CNBC: it’s made 1.7 billion euros ($2 billion) of net revenue last year, with a decrease of about 30% of the 2.4 billion euros in 2018, which said: she was due to reduce its presence in markets that require greater investment. Increased losses of the company in the year 2019, rising by more than 50% to 295 million euros.

Influenced the crisis of coronavirus emerging (SGRF-19) to a large degree on the smartphone market, with market research firm IDC to decline in smart phone shipments increased by 11.9% year on year to 1.2 million. It has been around the HMD focus to online sales during the pandemic (SGRF-19).