Microsoft Contract Lucrative for Nokia
Brighthand: Apparently, Nokia and Microsoft's Windows Phone partnership is for five years and $1 billion.
"The details of the 5-year agreement between these two companies have not been officially announced, but Bloomberg is reporting one of the more significant details: payments by Microsoft totaling $1 billion."
"As Nokia is going to license Windows Phone, it will be paying Microsoft for each copy of this operating system it uses. However, Microsoft is going to give Nokia considerably more -- money that will help the Finnish phone company create and advertise new smartphones running Windows Phone 7."
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Microsoft, Windows Phone, Nokia
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