Nokia and Microsoft today announced plans to form a broad strategic partnership that would use their complementary strengths and expertise to create a new global mobile ecosystem.
Nokia and Microsoft intend to jointly create market-leading mobile products and services designed to offer consumers, operators and developers unrivalled choice and opportunity. As each company would focus on its core competencies, the partnership would create the opportunity for rapid time to market execution. Additionally, Nokia and Microsoft plan to work together to integrate key assets and create completely new service offerings, while extending established products and services to new markets
The deal will see Nokia use the Windows phone operating system for its smartphones, the company said.It means that Nokia's existing operating systems will be sidelined.Speaking at the launch of the partnership, Nokia's chief executive Stephen Elop revealed that there would be "substantial" job losses as a result of the tie-up.Nokia will remain "first and foremost...a Finnish company. Finland is our home and will remain our home," he said.But job losses around the world, including in Finland, will be inevitable, he added.
Source: Official Microsoft Press Release Site