Nokia returns to mobile phones with brand-licensing deal

Nokia said on Wednesday it has signed an exclusive 10-year licensing deal with Finnish company HMD Global Oy to create Nokia-branded phones and tablets. Nokia said it will receive royalty payments from HMD for sales of Nokia-branded mobile products, covering both brand and intellectual property rights. Once the world's biggest maker of mobile phones, Nokia was wrongfooted by the rise of smartphones and eclipsed by Apple and Samsung .