Cash from sale of used phone could fund connection to Nokia technology

19 July 2010 — 4:00 PM

Cash from sale of used phone could fund connection to Nokia technology

Selling an old mobile phone and putting the cash towards a Nokia device may be a shrewd move for those who rely on their handset to access the internet.

Nokia has today (July 19th) announced it is to acquire the majority of Motorola's wireless network infrastructure for a fee of $1.2 billion (£785 million).

The two firms expect to complete the deal by the end of 2010, meaning the Finnish company could be in a position to offer an enhanced mobile internet service around the world.

In such a case, owning a Nokia handset may be a way of accessing the technology and enjoying fast and reliable web browsing on a mobile phone.

Rajeev Suri, chief executive officer at Nokia Siemens Networks, says: "This is an exciting acquisition that I believe has significant benefits for customers, employees and our shareholders."

Later this year, Nokia is expected to release the N8 mobile, which will offer a 12-megapixel camera as well as numerous other features.

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