Nokia-branded smartphone maker HMD Global has raised a $230 million investment from its key strategic partners. This stage of attracting external financing was the first since 2018, when the company received $100 million in investments. Google, Nokia and Qualcomm are reportedly investors in HMD Global's latest round of funding, according to reports.
This event became interesting for several reasons. First of all, it is worth noting the amount of funds received. This funding round was the third largest in Europe this year, according to HMD Global. Also interested are the investors who took part in the financing of HMD Global.
It is worth noting that Google's participation in the financing of the largest European smartphone manufacturer may attract attention from regional regulators. About two years have passed since the European Commission fined Google $5 billion for violating antitrust laws, and the American company's activities in the region continue to be monitored.
HMD Global CEO Florian Seiche confirmed that Google, Nokia and Qualcomm have become participants in this funding round. However, he refrained from commenting on the specific amounts invested by the mentioned companies.
HMD Global generally does not disclose detailed sales figures for Nokia-branded mobile devices. According to available information, last year the company sold about 70 million smartphones and phones worldwide.
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Source: 3dnews.ru