Microsoft and Nokia sign mobile ecosystems agreement
Nokia and Microsoft have signed a collaboration agreement.
Software giant Microsoft and phone specialist Nokia have ended their business negotiations with the signing of a definitive agreement.
The pair have agreed on the form of a collaboration to create a new global mobile ecosystem and develop new products.
As well as finalising the terms of their partnership, the duo also revealed that "significant progress" has been made on the first generation of Nokia products running Microsoft's Windows Phone operating system.
Commenting on the move, Steve Balmer - chief executive office for Microsoft - claimed the pairing would be good news for the industry.
"Together, Nokia and Microsoft will innovate with greater speed, and provide enhanced opportunities for consumers and our partners to share in the success of our ecosystem," he said.
The partnership was also welcomed by Stephen Elop, president of the Nokia Corporation, who claimed the complementary assets of the two parties would form the basis for their pairing.
This week, Nokia is getting into the spirit of the royal wedding by offering smartphone users the chance to download related apps in the Ovi Store.