Finish mobile brand Nokia Oyj will be dropping its iconic name this month in light of Microsoft’s acquisition of the company set to conclude in coming weeks.
A leaked letter acquired by Nokiapoweruser which was sent to Nokia’s suppliers said that the mobile brand will now have a new name: Microsoft Mobile Oy.
The deal doesn't really mean the end of Nokia but it marks its consolidation with Microsoft as the companies, both former leaders of their respected industries, join forces to reclaim their titles from the likes of Samsung and Apple.
Microsoft spent 5.44 billion euros for the acquisition, which includes Nokia’s Devices & Services, mobile phones unit and licenses to Nokia’s patents. In addition, Microsoft will acquire the Lumia and Asha brand for use in future products.
Nokia will continue to own and manage the Nokia brand, retaining its patent portfolio and will grant Microsoft a 10-year license to its patents. In turn, Microsoft will grant Nokia rights to use Microsoft patents in its HERE services.
Around 32,000 people are expected to transfer to Microsoft, including 4,700 people in Finland and 18,300 employees directly involved in manufacturing, assembly and packaging of products worldwide
A copy of Nokia’s letter can be read below:
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
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.
Nokia Devices and Services Financial Services Purchase to Pay Team