Nokia confirms Devices business to be rechristened as Microsoft Mobile

Ahead of the closure of Nokia-Microsoft deal before the end of April, a leaked letter in Finland has shown that Nokia Oyj will be soon renamed as Microsoft Mobile Oy.

The name change was leaked out by NokiaPowerUser when they published a leaked email to suppliers. Nokia has since confirmed the “Microsoft Mobile” rebrand by informing users about the change in its privacy policy(below).

Screen Shot 2014-04-21 at 7.59.57 PM

“Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices,” the company reportedly said in the leaked letter.

Oyj is a Finnish abbreviation for a “public stock company” while the Oy is a term for a “corporation”.

The closure of the deal doesn’t really mean the end of Nokia. Instead, it means an end to Nokia as the world knows it. Microsoft is buying Nokia’s mobile phones division, including the teams that make feature phones. But it is not buying the divisions that are responsible for network equipment business and Here maps. The company left behind by Microsoft will also keep rights to its name Nokia though Microsoft has bought the licence to use the Nokia brand name for 10 years as part of its $7.2 billion deal.
Additionally, Microsoft has bought rights to use Lumia and Asha brand names. But will this be the last time we see a Nokia-branded phone? Not exactly. Nokia could potentially come back and try again – but only after December 31, 2015. That scenario, however, will most likely won’t happen.

While the name Nokia will be replaced by Microsoft Mobile in the coming days in Finland — and possibly in other countries — not much will change for Nokia’s business partners in the immediate future.

“Under the terms of the sale, Microsoft will assume all rights, benefits and obligations of the Nokia Devices and Services business, including Nokia’s agreements with suppliers, customers and partners which pertain to the Devices and Services business. Therefore, the purpose of this letter is to update you that the current terms and conditions that you have with the Devices and Services business will not change,” Nokia notes in the leaked letter (at the end).

Originally, Nokia’s deal with Microsoft was supposed to close before the end of March. But the regulatory approval from Chinese authorities was received just several days ago. Nokia’s problems with Indian tax authorities over the manufacturing plant in Chennai have also reportedly delayed the deal. But there are reports that Nokia and Microsoft may agree to leave the Chennai plant out the deal in a bid to wrap up the sale before the end of April.

The full letter is posted below:

Dear Supplier,

On September 3, 2013, Nokia Corporation announced its intention to sell substantially all of its Devices and Services Business to Microsoft Corporation. We anticipate the transaction to close during April 2014.

Under the terms of the sale, Microsoft will assume all rights, benefits and obligations of the Nokia Devices and Services business, including Nokia’s agreements with suppliers, customers and partners which pertain to the Devices and Services business. Therefore, the purpose of this letter is to update you that the current terms and conditions that you have with the Devices and Services business will not change.

Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.

NEW BUSINESS INVOICE DETAILS:

New name and registered address replacing Nokia Oyj/Nokia Corporation is:

Microsoft Mobile Oy

Keilaranta 7

02150 ESPOO

Finland

New Bank Accounts: Please note that Microsoft Mobile Oy is going to have new bank accounts, for further information please contact us via AP Portal: https://ap.nokia.com/APPortalExt/Login.aspx (registration required).

There is NO change in the invoice sending method, please continue to send the invoices via electronic channels as before.

For further information on changes (legal address/send to address) after the close of the transaction between Microsoft and the Nokia Devices and Services business, please check our Invoice Address Search tool (IAS): https://ap.nokia.com/APPortalExt/AddressSearch.aspx (No registration required), or contact us via AP Portal: https://ap.nokia.com/APPortalExt/Login.aspx (Registration required).

Please note that the only changes in the Purchase Order (PO) layout after the close of the transaction will be to remove the Nokia Logo and change the legal address, whereas the PO numbering format and sequence will not change.

Continuation of business with Nokia

In addition to becoming a supplier for Microsoft Mobile Oy, we appreciate that you might also remain a supplier to the continuing businesses of Nokia (i.e., NSN, HERE or Advanced Technologies) after the close of the transaction between Microsoft and Nokia Devices and Services. Nokia will communicate separately any changes in invoicing methods and addresses before the close of this transaction.

Best regards,

Nokia Devices and Services Financial Services Purchase to Pay Team

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Shaminder Pal Singh

I am a student by day and tech blogger by night. I try to bring to the public the latest and greatest news from the tech world!

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