Nokia sells mobile phone business to Microsoft

Nokia sells phone unit to Microsoft

Microsoft has today made a shocking announcement that it will buy the mobile phone business from Finnish firm Nokia by 2014.

Microsoft, the multimillion dollar software company will pay £4.6bn for Nokia’s mobile phone business, marking a "big, bold step forward" by the company which has come under fire in recent months for its tardiness within the booming mobile phone market.

Microsoft and Nokia have been collaborating on the Nokia Lumia range of smartphones since 2011, which has seen Nokia sales elevate for the first time in years.

While the Windows Phone operating system has been criticised for its lack of apps, amongst other things, growing sales figures suggest that WP8 has turned a real corner for Nokia, which has no doubt contributed to the decision today to sell to Microsoft.

With news that Nokia has a number of devices up its sleeve, including the Lumia 1520 phablet and Nokia Sirius tablet, it’s clear that this business partnership is one that is promising many exciting things to come.

Written by Charlotte Kertrestel