Ex-Nokia Team to Launch New Phone

A group of former Nokia Corp. employees has raised €200 million ($258 million) from a variety of telecommunications-industry players to introduce a new mobile operating platform based on discarded Nokia technology, and the group will unveil a new phone next month.

Finnish start-up Jolla Ltd. made waves earlier this year when it announced its intention to use Nokia’s MeeGo operating system as the basis for a new line of mobile devices. Nokia abandoned the system last year in favor of using Microsoft Corp.’s Windows system, but allowed Jolla and other companies access to the technology.

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