The day we never dreamed about is here and well, it is a nightmare. The Microsoft Nokia deal is finally done with and the first changes are starting to trickle in. The first major change that Microsoft has brought in is nothing short of unthinkable – it has taken the Nokia name off the door.
A leaked letter from Nokia’s headquarters in Finland shows that the Nokia Oyj division will now be called the Microsoft Mobiles Oy division.
“Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.” States the letter.
Wonder what Oyj stands for? It means a ‘Public Stock Company’. (Translated from Finnish)
So, is Nokia actually out of the picture for good? Maybe not, but the Nokia brand name might be. Microsoft has brought the rights to the Nokia brand name for the next 10 years.
It looks pretty grim for Nokia fans right now.
Here is the full letter to add to your dismay.
Dear Supplier,
On September 3, 2013, Nokia Corporation announced its intention to sell substantially all of its Devices and Services Business to Microsoft Corporation. We anticipate the transaction to close during April 2014.
Under the terms of the sale, Microsoft will assume all rights, benefits and obligations of the Nokia Devices and Services business, including Nokia’s agreements with suppliers, customers and partners which pertain to the Devices and Services business. Therefore, the purpose of this letter is to update you that the current terms and conditions that you have with the Devices and Services business will not change.
Please note that upon the close of the transaction between Microsoft and Nokia, the name of Nokia Corporation/Nokia Oyj will change to Microsoft Mobile Oy. Microsoft Mobile Oy is the legal entity name that should be used for VAT IDs and for the issuance of invoices.
NEW BUSINESS INVOICE DETAILS:
New name and registered address replacing Nokia Oyj/Nokia Corporation is:
Microsoft Mobile Oy
Keilaranta 7
02150 ESPOO
Finland
New Bank Accounts: Please note that Microsoft Mobile Oy is going to have new bank accounts, for further information please contact us via AP Portal:https://ap.nokia.com/APPortalExt/Login.aspx (registration required).
There is NO change in the invoice sending method, please continue to send the invoices via electronic channels as before.
For further information on changes (legal address/send to address) after the close of the transaction between Microsoft and the Nokia Devices and Services business, please check our Invoice Address Search tool
(IAS):https://ap.nokia.com/APPortalExt/AddressSearch.aspx (No registration required), or contact us via AP Portal:https://ap.nokia.com/APPortalExt/Login.aspx (Registration required).
Please note that the only changes in the Purchase Order (PO) layout after the close of the transaction will be to remove the Nokia Logo and change the legal address, whereas the PO numbering format and sequence will not change.
Continuation of business with Nokia
In addition to becoming a supplier for Microsoft Mobile Oy, we appreciate that you might also remain a supplier to the continuing businesses of Nokia (i.e., NSN, HERE or Advanced Technologies) after the close of the transaction between Microsoft and Nokia Devices and Services. Nokia will communicate separately any changes in invoicing methods and addresses before the close of this transaction.
Best regards,
Nokia Devices and Services Financial Services Purchase to Pay Team
