Nokia Acquired Alcatel Brand till 2024

If you are familiar with how the phone market operates, the
name Alcatel should sound a meaning to you even though you may not have used
any of their phones before. Alcatel is a popular brand that produces mid- range
phones like Alcatel Popstar etc.

Unfortunately,  Alcatel is now own by Nokia. It turns out that
the Alcatel brand was among the assets owned by the French company when Nokia
announced its acquisition.

This means that Nokia, technically, has two brands on
the mobile market: the “Nokia” brand licensed to HMD Global; and the Alcatel
brand licensed to TCL. But the ways the brands are licensed is completely
different.
Though Nokia didn’t made mention of this a year ago when it
acquired Alcatel Lucent not until now that it has acquired Alcatel brand as
revealed to Nokia mob below;
The Alcatel brand was
licensed by Alcatel-Lucent to TCL for mobile phones and devices and this
license expires at the end of 2024. When Nokia acquired the assets of
Alcatel-Lucent in 2016, this also included licensing agreements for the Alcatel
brand.
Either way, more money for Nokia.
Spread the love

13 thoughts on “Nokia Acquired Alcatel Brand till 2024

Leave a Comment