The Microsoft acquisition of Nokia Devices and Services is expected to close later this month and, to prepare for the transition, a letter has been sent out to Nokia's supplier base. The letter, which has leaked online, suggests that Nokia Oyj will get a new name: Microsoft Mobile Oy.

The company is going to exist as a fully-owned Microsoft subsidiary and as expected, it is going to handle the mobile devices production. The letter reveals that current terms and conditions that suppliers were having with Nokia until now will not be changed.

Nokia is keeping its relationship with existing supplier partners, but considering the company's main operations remain NSN, HERE Maps and Advanced Technology unit, it may not soon need some of them, as most deal with hardware.

Nokia has been rumored to be working on a smartwatch, but it is unknown if the company is going to keep the development.