Cable / Telecom News

Microsoft sells off feature phone business for $350M

REDMOND, WA - Microsoft Corp. is selling its entry-level feature phone assets to FIH Mobile Ltd., a subsidiary of Hon Hai/Foxconn Technology Group, and HMD Global, Oy for $350 million.As part of the deal, FIH Mobile Ltd. will also acquire the company's Vietnam-based manufacturing facility Microsoft Mobile Vietnam.   Microsoft said that it will transfer “substantially all” of its feature phone assets, including brands, software and services, care network and other assets, customer contracts, and critical supply agreements, subject to compliance with local law.Microsoft pledged to continue to develop Windows 10 Mobile and support Lumia phones such as the Lumia 650,...