Nokia CEO sees billions from Microsoft deal

BARCELONA Sun Feb 13, 2011 5:19pm EST

Related Topics

BARCELONA (Reuters) - Nokia's CEO on Sunday touted its recent alliance with Microsoft, saying it would be worth billions to the Finnish cellphone maker, which is seeking to catch up in the fiercely competitive smartphone market.

Nokia announced on Friday that it was teaming up with Microsoft to take on Google and Apple in the smartphone market.

"Microsoft is contributing to Nokia substantial monetary value," Stephen Elop said on Sunday in a presentation ahead of the Mobile World Congress in Barcelona.

"Some people interpret that to be in the millions or tens of millions," said Elop, who left Microsoft to take the helm of Nokia in September.

It was, however, a much better deal than that for Nokia, Elop said because it "is measured in the B's not M's."

While Nokia was clearly dependent on Microsoft's Windows phone, Elop said Microsoft was also putting a "very significant bet on Nokia delivering location-based services."

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see
Comments (1)
ulludapattha wrote:
“It was, however, a much better deal than that for Nokia, Elop said because it “is measured in the B’s not M’s.”

What Elop really wanted to convey was this:

1: By saying “B’s” he meant it “is measured in the number of Bankruptcies of firms this deal will cause in Finland

2: By “not M’s” he meant it won’t create “More” jobs in Finland

Feb 13, 2011 6:08pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.