Send tip

Bloomberg: Microsoft to Give $1 Billion Allowance to Nokia?

Written on March 09, 2011 by Charles Bass

0 person

Microsoft and Nokia will be very busy in the coming days.

and Nokia have sealed the deal to collaborate in the upcoming mobile platform which will run on Nokia handsets. This is a give and take relationship: while gets to ship its OS to different parts of the world, Nokia gets a decent OS for its smartphone.

Nokia will need to pay Microsoft licensing fee for each handset running and this billion-dollar stash maybe a starter kit for production.

According to Bloomberg:

“Nokia’s royalty payments will help Redmond, Washington- based Microsoft make a profit on the accord even after the payments to Nokia, one person said. Some of the payment to Nokia would be made before the company starts selling the phones, meaning Microsoft bears some upfront cost in the partnership.”

Apparently, the deal is held up “for more than five years.” So when are we gonna see a “” phone?

View Article Source »

Related articles


View all