Now Nokia boss Rajeev Suri is planning a comeback. He must wait until late 2016 before he can consider re-entering the handset business - after a non-compete deal with Microsoft expires - but preparations are underway.
The sale "should be concluded in the first quarter of 2016," Nokia said in a statement, adding that it expected net proceeds from the deal of just over 2.5 billion euros.
A consortium of German premium carmakers has agreed a deal to buy Nokia's mapping business HERE, two people familiar with the matter said on Sunday, in a push to extend the reach of automakers into digital services for connected cars.
"Unless Microsoft can get to hardware break-even within two years or demonstrate sufficient offsetting value elsewhere in the portfolio, we think the company should exit the hardware business," RBC Capital Markets analysts said in a client note.
The company took a charge of USD 7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it bought last year.
The first smartphone on MeeGo platform came out in 2007. Nokia later in 2011 shelved the MeeGo platform and launched phones based on Windows. The first Sailfish OS mobile product, the Jolla Smartphone, was introduced in November 2013.
Microsoft's India-born CEO Satya Nadella acknowledged that "one big mistake" the company made in the past was to think the personal computer will reign supreme forever and failing to anticipate the technological transformation of the mobile phone.
The company also said it would record an impairment charge of about USD 7.6 billion related to its acquisition of Nokia's handset business.
This latest launch is an attempt by the number two Indian smartphone brand to stem the fall in its market share, which has been under pressure since Xiaomi and other Chinese brands took India by storm with flash online sales last year.
SoftBank together with Sunil Mittal's Bharti Enterprises and Foxconn today announced a three-way joint venture company, SBG Cleantech, to invest up to USD 20 billion to generate 20 gigawatt of solar power.
Have conviction and confidence in your idea. Do talk to others but only as sounding boards. The final decision and direction has to be yours.
The transaction announced in April remains subject to approval by Nokia shareholders, and is expected to close in the first half of 2016.
LG Electronics is the latest of more than 60 licensees for Nokia's 2G, 3G and 4G mobile communication technologies and the first major smartphone manufacturer to join the licensing program since Nokia divested its Devices and Services business to Microsoft in 2014.
With Jayalalithaa's return to power, Industrialists in Tamil Nadu hope to see the government back to business after months of political uncertainty.
The Group has made a non-binding informal offer to buy Nokia's Chennai plant at a discounted price.
The company which already has a manufacturing presence in India, is now embarking on a bigger localization drive.
Overall revenue held up well to come in slightly ahead of forecasts, but Nokia said profits dropped due to lower software sales, higher research and development costs and challenging conditions in Europe and Latin America.
Nokia sold its phone business to Microsoft last year, but just months after that it launched a new brand-licensed tablet computer, produced under licence by Taiwan's Foxconn, with an intention to follow up with more devices.
Nokia has received a memorandum of understanding from a bidder interested in its locked-out Chennai plant -- which has become a casualty of a Rs 3,500-crore tax claim -- the company told Delhi High Court today.
Finnish mobile firm Nokia has moved the Delhi High Court seeking de-freezing of its 210-acre Chennai plant, reports CNBC-TV18's Ashmit Kumar.
The company, which acquired Nokia's handset division last year for USD 7.2 billion, has only one 4G-compatible device, Lumia 638 (priced at about Rs 6,800), in the Indian market.
High profile shut downs including Nokia, Motorola and Foxconn, it's surely not been great going for big businesses in Chennai. However if real estate transactions are anything to go by, light seems to be emerging at the end of the tunnel
LG was ranked fourth while Samsung Mobiles was ranked at 379th position in The Brand Trust Report in 2014. The survey was conducted amongst 2,373 respondents across 16 cities.
As per a report of Indian Cellular Association, mobile phone exports are expected to fall to zero in 2015 from Rs 2,450 crore estimated in 2014, mainly due to suspension of handset production at Nokia's Chennai plant.
The launch is part of Microsoft's plan to strengthen its presence in the smartphone category after rebranding itself in the handset category following the purchase of handset division from telecom major Nokia.