Nokia cant licence brand Nokia post Microsoft deal

Nokia,which will be left with only its telecom equipment,location and patent development business,would have right to continue and maintain Nokia brand except for certain period as per the agreement.

After the closing of deal Nokia would be restricted from licensing the Nokia brand for use in connection with mobile device sales for 30 months and from using the Nokia brand on Nokias own mobile devices until December 31,2015, it said.

The transaction is expected to close in the first quarter of 2014,subject to approval by Nokia shareholders,regulators and other conditions.