Google, Qualcomm and Nokia have supplied funding for HMD, which owns the licence to manufacture smartphones and feature phones under the Nokia brand.
Finland-based mobile phone manufacturer HMD Global secured $230m in funding yesterday, from investors including internet technology provider Google, mobile semiconductor producer Qualcomm and communications equipment provider Nokia according to CNBC.
HMD was formed in 2016 when former Nokia executives acquired the phone business the company had sold to software provider Microsoft two years earlier. It produces smartphones equipped with Google’s Android mobile operating system as well as a range of basic feature phones.
The funding will support the provision of…
