As HMD Global just keep helping Nokia to comeback in the smartphone industry, there was a News that recently said that Nokia now owns Alcatel phones and more.

Nokia now owns Alcatel Phones…

It seems like Nokia is not only focusing on manufacturing smartphones and others gadgets, the Finland giant is also working hard to acquire more companies. This means that Nokia also wants to generate more revenue in order to stand in the 5 best smartphones maker with higher sales. We believe that this may be a surprise to you as the company did it silently, but it’s true. Early this morning, reports started saying everywhere on the Internet that “Nokia now owns Alcatel phones and Tablets”.

And this is what will force the company to focus on double smartphones production. It was assumed that Alcatel brand name was acquired by TCL to use in its Alcatel range of smartphones and Tablets. Let us remind you that this doesn’t mean that Alcatel completely belongs to Nokia, it owns it by default. This means that Nokia owns Alcatel brand-licensing agreement to TCL. This licensing agreement expires at the end of 2024.

The Nokia and Alcatel were licensed by Alcatel-Lucent to TCL for mobile phones and devices until the end of 2024, and to be honest, we don’t know the Finland giant spent for this contract. Nokia and Alcatel may be good partners, in 2016, Nokia acquired the assets of Alcatel-Lucent which included the licensing agreements for the Alcatel brand. This may be a good deal for both companies (Nokia and Alcatel) as the issue remains a business matter.

Nokia now owns Alcatel Phones and more…

We Just shared with you everything we know about this problem, and it might definitely speak about this deal as soon as possible. We will come back to you and give you more details about this deal.