HMD Global Raises $ 230 Million – News

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The company behind the Nokia smartphones collects 230 million dollars. With this, the company wants to increase its 5G offer and expand it into new markets.

Nokia phones have been made by the also Finnish HMD Global since 2016. The company Nokia Technologies itself mainly focuses on network technology.

HMD is now receiving a substantial investment, including from Nokia Technologies itself, but Google and chipmaker Qualcomm are also investing. According to Reuters, it is not known who invests what amount, but it would be comparable amounts.

With that money, Nokia wants to bring more 5G devices to the market, but also wants to expand it further. The brand recently moved to Brazil and Africa and India are also on the radar. Today the company has already sold 240 million phones.

HMD Global mainly focuses on simplicity with its Nokia devices. For example, the devices run on Android One, an unadjusted version of Android that receives two years of system updates and three years of security updates.

Nokia phones have been made since 2016 by the also Finnish HMD Global. The company Nokia Technologies itself focuses mainly on network technology. HMD is now receiving a substantial investment, including from Nokia Technologies itself, but Google and chipmaker Qualcomm are also investing. According to Reuters, it is not known who invests what amount, but it would be comparable amounts. With that money, Nokia wants to bring more 5G devices to the market, but also wants to expand it further. The brand recently moved to Brazil and Africa and India are also on the radar. Today, the company has already sold 240 million phones, and HMD Global focuses on simplicity with its Nokia devices. For example, the devices run on Android One, an unadjusted version of Android that gets two years of system updates and three years of security updates.

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