The last few days have seen Nokia update customers on the impending completion of the sale of its devices and services division later this month. A recently leaked document to suppliers has revealed what Microsoft intends to call the new entity; Microsoft Mobile Oy (Oy is Ltd in Finland). According to the leaked document, Microsoft Mobile Oy is going to be a subsidiary of Microsoft headquartered in Finland. Interestingly, the new subsidiary will be located only a kilometer away from Nokia’s current HQ.
Although this revelation doesn’t say much about what Microsoft intends to do with Nokia, it does reveal that the sale is imminent and upon transfer, suppliers need not worry as nothing is expected to change outside of the name and location of the new entity.
See the letter below
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
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.
Nokia Devices and Services Financial Services Purchase to Pay Team
Source: NPU via WMPU