HMD Global, maker of Nokia-branded smartphones, wins investment from Google, others

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LONDON: HMD Global, the maker of Nokia-branded smartphones, has secured US$230 million of investment from partners including Google, Qualcomm and ...

LONDON: HMD Global, the maker of Nokia-branded smartphones, has secured US$230 million of investment from partners including Google, Qualcomm and Nokia Technologies, to help accelerate its development of 5G devices.

He did not disclose the individual amounts, but said the investments from the three were"each very sizeable parts of the total". "Google is delivering a similar experience on its own Pixel range, and we are a perfect complement to their own initiatives," Seiche said."They're focused on fewer selected geographies and channels; we are much broader and also present in emerging markets."HMD's first 5G device - the Nokia 8.3 5G - goes on sale next month, and Seiche said the investment would accelerate HMD's development of 5G handsets at lower prices.

 

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