May 18 (Reuters) - Microsoft Corp MSFT.O said it is
selling its entry-level feature phone assets to FIH Mobile Ltd
and HMD Global Oy for $350 million.
FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology Co
Ltd 2354.TW , would also acquire Microsoft Mobile Vietnam as a
part of this deal, Microsoft said.
The company said its 4,500 employees from Vietnam will
transfer to or will have an opportunity to join FIH Mobile or
HMD Global Oy.
Microsoft will transfer all of its feature phone assets,
including brands, software and services, care network and other
assets, customer contracts, and critical supply agreements to
both the companies as a part of the deal.
Microsoft will continue to develop Windows 10 Mobile and
support Lumia phones from OEM partners, the company said.