After the sale of its mobile devices division, Nokia focused on network equipment through Nokia Networks.

In October 2014, Nokia and China Mobile signed a US$970 million framework deal for delivery between 2014 and 2015.

On 17 November 2014, Nokia Technologies head Ramzi Haidamus disclosed that the company planned to re-enter the consumer electronics business as an original design manufacturer, licensing in-house hardware designs and technologies to third-party manufacturers.
Haidamus stated that the Nokia brand was "valuable" but "is diminishing in value, and that's why it is important that we reverse that trend very quickly, imminently".
The next day, Nokia unveiled the N1, an Android tablet manufactured by Foxconn, as its first product following the Microsoft sale.
Haidamus emphasized that devices released under these licensing agreements would be held to high standards in production quality, and would "look and feel just like Nokia built it".
Nokia CEO Rajeev Suri stated that the company planned to re-enter the mobile phone business in this manner in 2016, following the expiration of its non-compete clause with Microsoft.

According to Robert Morlino, the spokesman of Nokia Technologies, Nokia planned to follow the brand-licensing model rather than direct marketing of mobile devices due to the sale of its mobile devices division to Microsoft.
The company took aggressive steps to revitalize itself, evident through its hiring of software experts, testing of new products and seeking of sales partners.
On 14 July 2015, CEO Rajeev Suri confirmed that the company would make a return to the mobile phones market in 2016.

On 28 July 2015, Nokia announced OZO, a 360-degrees virtual reality camera, with eight 2K optical image sensors.
The division behind the product, Nokia Technologies, claimed that OZO would be the most advanced VR film-making platform.
Nokia's press release stated that OZO would be "the first in a planned portfolio of digital media solutions," with more technologic products expected in the future.
OZO was fully unveiled on 30 November in Los Angeles.
The OZO, designed for professional use, was intended for retail for US$60,000; however, its price was decreased by $15,000 prior to release, and is listed on its official website as $40,000.

On 14 April 2015, Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel-Lucent regarding a potential merger.
The next day, Nokia announced that it had agreed to purchase Alcatel-Lucent for €15.6 billion in an all-stock deal.
CEO Rajeev Suri felt that the purchase would give Nokia a strategic advantage in the development of 5G wireless technologies.
The acquisition created a stronger competitor to the rival firms Ericsson and Huawei, whom Nokia and Alcatel-Lucent had surpassed in terms of total combined revenue in 2014.
Nokia shareholders hold 66.5% of the new combined company, while Alcatel-Lucent shareholders hold 33.5%.
The Bell Labs division was to be maintained, but the Alcatel-Lucent brand would be replaced by Nokia.
In October 2015, following approval of the deal by China's Ministry of Commerce, the merger awaited approval by French regulators.
Despite the initial intent of selling the submarine cable division separately, Alcatel-Lucent later declared that it would not.
The merger closed on 14 January 2016, but was not complete until 3 November 2016.
From the acquisition Nokia is now also the owner of the Alcatel mobile phone brand, which continues to be licensed to TCL Corporation.

On 3 August 2015, Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of BMW, Daimler AG and Volkswagen Group for €2.8 billion.
The deal closed on 3 December 2015.
After the sale of its mobile devices division, Nokia focused on network equipment through Nokia Networks.
In October 2014, Nokia and China Mobile signed a US$970 million framework deal for delivery between 2014 and 2015.
On 17 November 2014, Nokia Technologies head Ramzi Haidamus disclosed that the company planned to re-enter the consumer electronics business as an original design manufacturer, licensing in-house hardware designs and technologies to third-party manufacturers. Haidamus stated that the Nokia brand was "valuable" but "is diminishing in value, and that's why it is important that we reverse that trend very quickly, imminently". The next day, Nokia unveiled the N1, an Android tablet manufactured by Foxconn, as its first product following the Microsoft sale. Haidamus emphasized that devices released under these licensing agreements would be held to high standards in production quality, and would "look and feel just like Nokia built it". Nokia CEO Rajeev Suri stated that the company planned to re-enter the mobile phone business in this manner in 2016, following the expiration of its non-compete clause with Microsoft.
According to Robert Morlino, the spokesman of Nokia Technologies, Nokia planned to follow the brand-licensing model rather than direct marketing of mobile devices due to the sale of its mobile devices division to Microsoft. The company took aggressive steps to revitalize itself, evident through its hiring of software experts, testing of new products and seeking of sales partners. On 14 July 2015, CEO Rajeev Suri confirmed that the company would make a return to the mobile phones market in 2016.
On 28 July 2015, Nokia announced OZO, a 360-degrees virtual reality camera, with eight 2K optical image sensors. The division behind the product, Nokia Technologies, claimed that OZO would be the most advanced VR film-making platform. Nokia's press release stated that OZO would be "the first in a planned portfolio of digital media solutions," with more technologic products expected in the future. OZO was fully unveiled on 30 November in Los Angeles. The OZO, designed for professional use, was intended for retail for US$60,000; however, its price was decreased by $15,000 prior to release, and is listed on its official website as $40,000.
On 14 April 2015, Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel-Lucent regarding a potential merger. The next day, Nokia announced that it had agreed to purchase Alcatel-Lucent for €15.6 billion in an all-stock deal. CEO Rajeev Suri felt that the purchase would give Nokia a strategic advantage in the development of 5G wireless technologies. The acquisition created a stronger competitor to the rival firms Ericsson and Huawei, whom Nokia and Alcatel-Lucent had surpassed in terms of total combined revenue in 2014. Nokia shareholders hold 66.5% of the new combined company, while Alcatel-Lucent shareholders hold 33.5%. The Bell Labs division was to be maintained, but the Alcatel-Lucent brand would be replaced by Nokia. In October 2015, following approval of the deal by China's Ministry of Commerce, the merger awaited approval by French regulators. Despite the initial intent of selling the submarine cable division separately, Alcatel-Lucent later declared that it would not. The merger closed on 14 January 2016, but was not complete until 3 November 2016. From the acquisition Nokia is now also the owner of the Alcatel mobile phone brand, which continues to be licensed to TCL Corporation.
On 3 August 2015, Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of BMW, Daimler AG and Volkswagen Group for €2.8 billion. The deal closed on 3 December 2015.
Nokia