Nokia and Microsoft have entered into a definitive agreement on a partnership that will result in a new global mobile ecosystem, utilising the complementary assets of both companies.
Under the terms of the agreement, both the companies will jointly contribute to the development of the new ecosystem. The companies have already announced significant progress on the development of the first Nokia products incorporating Windows Phone.
In addition, both the companies are collaborating on a portfolio of new Nokia devices, and Nokia has started porting key applications and services to operate on Windows Phone and joint outreach has begun to third party application developers.
Microsoft said a combination of complementary assets make the partnership truly unique. It added Microsoft will receive a running royalty from Nokia for the Windows Phone platform, starting when the first Nokia products incorporating Windows Phone ship.
Nokia president and CEO Stephen Elop said the companies have entered into a win-win partnership at the highest level.
"It is the complementary nature of our assets, and the overall competitiveness of that combined offering, that is the foundation of our relationship," Elop said.
