While the announcement of Microsoft’s acquisition of Nokia’s mobile business came in last year, the process and legalities are still currently in process. Now, according to a leaked email sent to Microsoft suppliers and Nokia account users, brings one important detail to forth; that Nokia will be rechristened as Microsoft Mobile post the acquisition which is expected to be over by end of this month.
This news is very sad at different levels and it is especially true if you are an Indian. Nokia ruled Indian mobile handset market for nearly a decade and during their hay days they were one of the most liked and most trusted brand in India. And very soon it will be no more. Another fact that you may not be aware of is that Nokia is 143 year old brand, which was first established in 1871 when the company was incorporated in Finland.
According to Nokia Power User blog, who first reported the leaked email sent to suppliers, states that the company will be renamed from Nokia Oyj to Microsoft Mobile Oy, which will be a wholly-owned Microsoft subsidiary and will be the mobile devices arm of Microsoft. This also gets clearly mentioned in the mail sent to Nokia account holders.
Nokia will only continue to run its Telecom networks and infrastructure business (Nokia Siemens Network), HERE location based mapping products and Advanced Technologies business. On the other hand, post-acquisition, Microsoft will assume all rights, benefits and IP of Nokia Devices and Services business that includes Nokia’s agreement with suppliers and partners. This will essentially be renamed to Microsoft Mobile.
While in the US and most European countries it will not be a problem, but in India it is sure to face a roadblock and there is a legal dispute currently going on in Indian courts in regards to Rs. 2,400 tax claim made by Government of Tamil Nadu.
The good thing for suppliers after the name change is that their existing terms and conditions they have with Nokia’s Devices and Services business will not change and will be completely honoured by Microsoft post the deal completion.
Email sent to Nokia Account holders
Privacy, Data Protection and Service Terms Information Regarding the Sale of Nokia’s Devices & Services Business to Microsoft
Hello,
We wanted to share some important information about your data privacy and contracts.
Nokia currently expects to complete the sale of its Devices & Services business to Microsoft in April 2014. With the completion of this transaction, a Microsoft Finnish affiliate* assumes responsibility for your personal data and the contractual relationships for the products and services related to this business. Microsoft cares deeply about your privacy and the protection of your personal data and will continue to collect and use your personal data in the same ways and for the same reasons as Nokia, and you should experience no difference as a result of the sale.
Also, please note that Nokia will continue to run its businesses, including HERE location-based products and services, which are not part of the Microsoft acquisition. The responsibility for your personal data and your contractual relationship relating to these Nokia products and services remains with Nokia. Nokia continues to be committed to the highest standards to protect your privacy and your personal data.
We wanted to give you notice of these changes. Our commitment to your privacy remains paramount. To learn more about Microsoft’s and Nokia’s privacy policies and service terms, click here. http://www.nokia.com/global/privacy-landing/
You may also contact us at: Microsoft Mobile Oy, c/o Privacy, Keilaranta 7, 02150 Espoo, Finland or Nokia Corporation, c/o Privacy, Keilalahdentie 4, 02150 Espoo, Finland.
Sincerely,
Chad Fentress
Vice President, Chief Ethics and Compliance Officer
NokiaBrendon Lynch
Chief Privacy Officer
Microsoft* With the completion of this sale, the Nokia Devices & Services business will be part of this Finnish entity, Microsoft Mobile Oy, a subsidiary of Microsoft Corp.
Email sent to existing Nokia Suppliers.
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: 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
R.I.P Nokia!
