Nokia, the former world leader in mobile manufacturing, has denied that it plans to return to the handset business. Earlier a report on the popular technology website Re/Code had said that Nokia plans to return to the mobile handset business, citing sources and added that virtual reality was another area that was being explored by Nokia.
Now Nokia has come out to deny the reports and said in a statement on its website,
“Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false, and include comments incorrectly attributed to a Nokia Networks executive. Nokia reiterates it currently has no plans to manufacture or sell consumer handsets.”
The Re/Code report had claimed that the Nokia, which recently launched the N1 tablet and an Android Launcher, will design the devices and then license them to another company. The other company would also be responsible for manufacturing, sales, distribution, said the report.
Nokia recently announced recently that it has agreed to buy Alcatel-Lucent in an all-share transaction that values the smaller French rival at 15.6 billion euros ($16.58 billion). The deal will allow Nokia to boost its network equipment business, and its map business as well.