Nokia's

The software giant's Windows Phone will be adapted as the operating system for Nokia's mobile phones.

The plan to restructure Post 2011

The software giant's Windows Phone will be adapted as the operating system for Nokia's mobile phones.

The plan to restructure Post 2011

While Mr. Elop conceded that Nokia has challenges in regaining lost ground in the mobile market, he said Nokia's still-commanding market share in the handset business gives the company a strong bargaining position.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011

He said substantial portions of Nokia's business include lower-end handsets aimed at emerging markets, such as India, on which Microsoft is less-focused.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011

Mr. Elop said he negotiated with Google CEO Eric Schmidt and its top mobile executive, Andy Rubin , and that Nokia's board made the final decision to partner with MicrosoftThursday evening, the night before the alliance was announced.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011

Mr. Elop added that the pact will allow Microsoft to receive the benefits of Nokia's broad intellectual-property portfolio in the mobile market to strengthen Windows Phone, though he declined to describe the financial terms of that aspect of the alliance.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011

Stephen Elop , Nokia's chief executive, on Sunday disclosed the Microsoft payments and other benefits Nokia will receive as a result of the deal between the two companies, under which Nokia will adopt Windows Phone as its main smartphone operating system.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011

Nokia's newly appointed head of smart devices, Jo Harlow , hinted during the news conference that the company would launch its first Windows device in 2011, though she didn't say when.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011

Nokia's CEO said the company will receive "billions of dollars" in financial support from Microsoft in the early years of their partnership to help market and develop Nokia phones using the Windows Phone operating system.

What's News 2011

The Finnish phone maker's shares fell 14% in Helsinki on Friday, in part because of investor disappointment that Mr. Elop didn't announce big cuts to Nokia's research spending.

Nokia Says It Will Get Billions From Microsoft Nick Wingfield 2011