Nokia Says It Will Get ‘Billions’ From Microsoft

Nokia Corp. will receive “billions of dollars” in financial support from Microsoft Corp. over the early years of their partnership to help market and develop Nokia phones using Microsoft’s Windows Phone operating system, according to Nokia Chief Executive Stephen Elop.

In an interview, Mr. Elop outlined the Microsoft payments and other benefits Nokia will receive as a result of the deal between the two companies, under which Nokia will adopt Windows Phone as its main smartphone operating system. Although Nokia will pay Microsoft an undisclosed royalty for licensing the Windows Phone software for Nokia handsets, Mr. Elop said Nokia will see “very substantial reductions” in operating expenses, including layoffs, because it will no longer need to spend as much to develop mobile software on its own.

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