Nokia Corp.
NOK | 4/21 / 2011 6: 12: 28 AM
Espoo, Finland, 21 Apr 2011 (a Thomson Reuters via COMTEX News Network)-.
Important contributions to the new global mobile ecosystem agreed and considerable progress on engineering of new products
Nokia Corporation
Stock Exchange release
April 21, 2011 at 13.10 (CET + 1).
Espoo, Finland and Redmond, US - Nokia (NYSE: NOK) and Microsoft (NASDAQ: MSFT) today announced the signing of a definitive agreement on a partnership that will result in a new global mobile eco-system, using the very complementary assets of both companies. Prematurely concluded, the final agreement in accordance with the joint announcement is on 11 February.
In addition to the conditions of their partnership, including joint contributions to the development of the new ecosystem, Nokia and Microsoft announced significant progress in the development of the first Nokia products with Windows phone. With hundreds of staff already on joint engineering efforts involved in the company in a portfolio of new Nokia devices together. Nokia has also begun porting of important applications and operate services on Windows phone and joint outreach has begun third-party application developers.
"At the highest level, we have been a win-win partnership," said Stephen Elop, President and CEO of Nokia Corporation. "It is the complementary nature of our resources and overall competitiveness, which combined offer, which is the basis for our relationship."
"Our agreement is good for the industry," said Steve Ballmer, CEO of Microsoft. "Together, Nokia and Microsoft is innovation with greater speed, and offer advanced opportunities for consumers and our partners in the success of to share."
The relationship is structured around four major areas:
(1) A combination of complementary assets that make the partnership really unique, including:
-Nokia, mapping, to provide navigation and location-based services for the Windows phone ecosystem. Nokia builds innovation on the in the areas of imaging, while contributing expertise on hardware design and language support Windows platform and help to drive the development of the Windows phone platform. Microsoft that Bing offers search services on the Nokia device portfolio, as well as contributing strength in productivity, advertising, gaming, social media and a variety of other services. The combination of navigation with advertising and search enables better monetization of the Nokia navigation assets and new forms of advertising revenue.
-Common developer outreach and application sourcing, support for the creation of new local and global applications, including Windows phone developer registration free of charge for all Nokia developers.
Open a new Nokia trademarks global application store, which uses the Windows Marketplace infrastructure. Developers will be able to publish and distribute applications through a single developer portal to hundreds of millions of consumers who use Windows phone, Symbian and series 40 devices.
Contributions of Nokia's expertise in the settlement participants in the Windows phone ecosystem ensure operator can take advantage of Nokia's billing agreements with 112 operators in 36 markets.
2. Microsoft ongoing royalties received one from Nokia for the Windows platform, when the first Nokia products with Windows phone ship. License fees are competitive and reflect the large quantities that expected Nokia to deliver, as well as a variety of other considerations relating to engineering work on the two companies are required. Microsoft provides that platform Nokia can Windows to Nokia reduce operating costs.
(3) Paid in recognition of the unique nature of the Nokia agreement with Microsoft and the posts, Nokia, Nokia measured in the billions of dollars.
(4) An agreement that recognizes the value of intellectual property and provides mechanisms for the exchange of rights to intellectual property. Nokia will receive substantial payments in the terms of the agreement.
Debate begins both companies now signed with the definitive agreement with operators, developers and other partners the industry the benefits of the accession of the new ecosystem understanding help. At the same time continue to work on the development of Nokia products on the platform of Windows phone with the objective of ensuring volume device shipments in 2012. The extent of the mutual commitment of both companies is important and is in line with the intention to build a new eco-system based on this long-term, strategic partnership.
About Nokia
Nokia has connection of people who combine to them through advanced mobile technology personalized services Affairs required. More than 1.3 billion people connect with each other sold with Smartphones, the Nokia, of our best voice-optimized mobile phones through to advanced Internet connected in almost all markets around the world. Through Ovi (www.ovi.com) people enjoy access to maps and navigation on mobile, a memory, a growing catalogue of digital music, free email, and much more rapidly growing applications. Nokia's NAVTEQ is a leading provider of comprehensive digital mapping and navigation, and Nokia Siemens Networks is a leading provider of telecommunications infrastructure hardware, software and professional services worldwide.
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