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Nokia will be making a comeback!
Microsoft has announced a deal in which it will see its feature phone business for $350 million FIH Mobile
FIH mobile is a subsidiary of Chinese hardware manufacturer Foxconn, which manufactures iPhones for Apple, and a newly formed company called HMD Global.
Microsoft’s entry-level mobile device assets and the Nokia brand name, as well as its manufacturing facility in Hanoi, Vietnam will all be added to the deal. 
It is expected that all things will be concluded by the second half of the year.
Upon completion HMD will have the right to sell Nokia-branded feature phones as well as Android-based smartphones and tablets. 
There are plans by the firm to invest more than $500 million over the next three years to market its mobile products worldwide.
Nokia already has an enviable brand equity which it garnered over eons making high-quality feature phones as well as Windows Phone-based smartphones. The plan is to capitalize on this and use this as a springboard into the market.
Nokia has dabbled in the Android game before. In 2014, it launched the beautiful $250 N1 tablet but didn’t make it widely available around the world. 
The sale will not affect Microsoft’s Windows-based mobile operations. The company says it will continue to develop Windows 10 Mobile and keep its Lumia brand of phones alive, while continuing to partner with hardware makers like Acer, Alcatel, HP and VAIO.
Microsoft reportedly have plans for a phone next year, but nothing solid has been confirmed yet. So fingers crossed.

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AndroidCentral

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