Nokia is back in the mobile phone business, after a fashion.

It has granted HMD Global an exclusive, 10-year license to the famous brand, allowing the Finnish startup to sell Nokia mobile phones and tablets.

Meanwhile Microsoft, which bought Nokia’s mobile phone activities in 2013, is getting out of the feature-phone business, selling its remaining interests in the Nokia brand and its Vietnamese phone factory to HMD and to FIH, a subsidiary of contract manufacturing giant Foxconn, for around $350 million.

Microsoft isn’t giving up on phones altogether. It will continue to develop the Windows 10 Mobile OS used in phones from manufacturers including Acer, Alcatel, HP, Trinity and Vaio, and in its own Lumia phones.

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