Nokia’s former CEO spills the beans on Microsoft partnership.
On Friday, Microsoft completed its $7.1bn deal to buy Nokia’s handset division, marking the end of an era in the mobile industry.
Under the deal, Microsoft will gain 25,000 former Nokia staff (meaning its workforce now tops the 100,000 people mark), as well as a number of Nokia manufacturing plants around the world.
But what will the effects of the deal be on Nokia’s customers?
To try and allay any fears concerning the deal, Stephen Elop, former Nokia CEO and now executive VP of the newly formed Microsoft Devices Group yesterday took part in a wide-ranging Ask Me Anything (AMA) interview on Nokia.com.
Here are the five key things we learnt from his answers….
He’s still very much a Nokia fan
Due to his Nokia heritage, it was assumed by many that Elop had played a major part in facilitating the Microsoft deal, and he was accused as being a "Trojan Horse" by one questioner in the interview. Unsurprisingly, Elop denied this label, stating that the deal was the right opportunity to grow Nokia’s handset business. "I have only ever worked on behalf of and for the benefit of Nokia shareholders while at Nokia," Elop said.
"Additionally, all fundamental business and strategy decisions were made with the support and approval of the Nokia board of directors, of which I was a member."
Nokia -branded smartphones are not long for this world
Under the terms of the deal, the Nokia brand name is available for Microsoft to use for its mobile phone products for a period of time, Elop confirmed. However, he said he believed that Nokia as a brand "will not be used for long going forward for smartphones".
"Work is underway to select the ‘go forward’ smartphone brand," Elop stated, as legally speaking, Nokia’s Devices and Services business is now the property of Microsoft’s newly-formed subsidiary, Microsoft Mobile Oy.