Nokia is a name that will never die in the mobile industry. After being acquired by Microsoft last year, the Nokia brand has been knocking about in Redmond, with the feature phone business being put into 'maintenance mode,' the Lumia name being converted to Microsoft Lumia, and the Nokia N1 tablet being produced under license. Now, the entire brand has been sold off to HMD global Oy, a new company formed specifically to buy the naming rights, until 2024.

According to the press release, "HMD has been founded to provide a focused, independent home for a full range of Nokia-branded mobile phones and tablets."

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