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Nokia

Coordinates: 60°13′29″N 24°45′23″E / 60.2247°N 24.7563°E / 60.2247; 24.7563

Nokia Corporation (natively Nokia Oyj, referred to as Nokia)[a] is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area,[3] but the company's actual roots are in the Tampere region of Pirkanmaa.[5] In 2020, Nokia employed approximately 92,000 people[6] across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion.[4] Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange.[7] It is the world's 415th-largest company measured by 2016 revenues according to the Fortune Global 500, having peaked at 85th place in 2009.[8] It is a component of the Euro Stoxx 50 stock market index.[9][10]

Nokia Corporation
Headquarters in Espoo since September 2019[1]
Native name
Nokia Oyj
TypeJulkinen osakeyhtiö (public)
ISINFI0009000681
Industry
Predecessors
Founded12 May 1865; 157 years ago (1865-05-12) in Tampere, Grand Duchy of Finland, Russian Empire
Founders
Headquarters,
Area served
Worldwide
Key people
ProductsList of Nokia products
Revenue 24.91 billion (2022)
€2.318 billion (2022)
€4.259 billion (2022)
Total assets €42.94 billion (2022)
Total equity €21.43 billion (2022)
Number of employees
86,896 (2022)
Divisions
Subsidiaries
  • Bell Labs
  • NGP Capital
  • Nuage Networks
  • Radio Frequency Systems
Websitenokia.com
Footnotes / references
[2][3][4]

The company has operated in various industries over the past 150 years. It was founded as a pulp mill and had long been associated with rubber and cables, but since the 1990s has focused on large-scale telecommunications infrastructure, technology development, and licensing.[11] Nokia made significant contributions to the mobile telephony industry, assisting in the development of the GSM, 3G, and LTE standards. For a decade beginning in 1998, Nokia was the largest worldwide vendor of mobile phones and smartphones. In the later 2000s, however, Nokia suffered from a series of poor management decisions, and soon saw its share of the mobile phone market drop sharply.

After a partnership with Microsoft and Nokia's subsequent market struggles,[12][13][14] in 2014 Microsoft bought Nokia's mobile phone business,[15][16] incorporating it as Microsoft Mobile.[17] After the sale, Nokia began to focus more on its telecommunications infrastructure business and on Internet of things technologies, marked by the divestiture of its Here mapping division and the acquisition of Alcatel-Lucent, including its Bell Labs research organization.[18] The company then also experimented with virtual reality and digital health, the latter through the purchase of Withings.[19][20][21][22] The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with HMD Global.[23] Nokia continues to be a major patent licensor for most large mobile phone vendors.[24] As of 2018, Nokia is the world's third-largest network equipment manufacturer.[25]

The company was viewed with national pride by Finns, as its mobile phone business made it by far the largest worldwide company and brand from Finland.[26] At its peak in 2000, Nokia accounted for 4% of the country's GDP, 21% of total exports, and 70% of the Helsinki Stock Exchange market capital.[27][28]

History

1865–1967

 
Rolls of toilet paper produced by Nokia in the 1960s, Vapriikki Museum Centre, Tampere

Nokia's history dates from 1865, when Finnish-Swede mining engineer Fredrik Idestam established a pulp mill on the shores of the Tammerkoski rapids near the town of Tampere, Finland (then in the Russian Empire).[5] A second pulp mill was opened in 1868 near the neighboring town of Nokia, where there were better hydropower resources.[5] In 1871, Idestam, together with a friend Leo Mechelin, formed a shared company and called it Nokia Ab (in Swedish, Nokia Company being the English equivalent), after the site of the second pulp mill.

Idestam retired in 1896, making Mechelin the company's chairman; he expanded into electricity generation by 1902, which Idestam had opposed. In 1904 Suomen Gummitehdas (Finnish Rubber Works), a rubber business founded by Eduard Polón, established a factory near the town of Nokia and used its name.

In 1922, in a now independent Finland, Nokia Ab entered into a partnership with Finnish Rubber Works and Kaapelitehdas (the Cable Factory), all now jointly under the leadership of Polón. The rubber company grew rapidly when it moved to the Nokia region in the 1930s to take advantage of the electricity supply, and the cable company soon did too.

Nokia at the time also made respirators for both civilian and military use, from the 1930s well into the early 1990s.[29]

1967–1990

 
LV 317M military radio in the Hämeenlinna artillery museum

In 1967, the three companies – Nokia, Kaapelitehdas, and Finnish Rubber Works – merged to create a new Nokia Corporation, restructured into four major businesses: forestry, cable, rubber, and electronics. In the early 1970s, it entered the networking and radio industries. Nokia started making military equipment for Finland's defence forces (Puolustusvoimat), such as the Sanomalaite M/90 communicator in 1983, and the M61 gas mask first developed in the 1960s. Nokia was now also making professional mobile radios, telephone switches, capacitors and chemicals.

After Finland's trade agreement with the Soviet Union in the 1960s, Nokia expanded into the Soviet market. It soon widened trade, ranging from automatic telephone exchanges to robotics among others; by the late 1970s, the Soviet Union became a major market for Nokia, yielding high profits. Nokia also co-operated on scientific technology with the Soviet Union. The U.S. government became increasingly suspicious of that co-operation after the end of the Cold War détente in the early 1980s. Nokia imported many US-made components and used them in products for the Soviets, and according to U.S. Deputy Minister of Defence, Richard Perle, Nokia had a secret co-operation with The Pentagon that allowed the U.S. to keep track of technological developments in the Soviet Union through trading with Nokia.[30] This was a demonstration of Finland trading with both sides, as it was neutral during the Cold War.

In 1977, Kari Kairamo became CEO and transformed the company's businesses. By this time, Finland was becoming what has been called "Nordic Japan".[by whom?] Under his leadership, Nokia acquired many companies including television maker Salora in 1984, followed by Swedish electronics and computer maker Luxor AB in 1985, and French television maker Oceanic in 1987. This made Nokia the third-largest television manufacturer of Europe (behind Philips and Thomson). The existing brands continued to be used until the end of the television business in 1996.

 
Nokia Mikko 3 minicomputer, 1978
 
Mobira Cityman 450, 1985

In 1987, Nokia acquired Schaub-Lorenz, the consumer operations of Germany's Standard Elektrik Lorenz (SEL), which included its "Schaub-Lorenz" and "Graetz" brands. It was originally part of American conglomerate International Telephone & Telegraph (ITT), and after the acquisition products were sold under the "ITT Nokia" brand, despite SEL's sale to Compagnie Générale d'Electricité (CGE), the predecessor of Alcatel, in 1986.

On 1 April 1988, Nokia bought the Information Systems division of Ericsson,[31] which had originated as the Datasaab computer division of Swedish aircraft and car manufacturer Saab. Ericsson Information Systems made Alfaskop terminals, typewriters, minicomputers and Ericsson-branded IBM compatible PCs. The merger with Nokia's Information Systems division—which since 1981 had a line of personal computers called MikroMikko—resulted in the name Nokia Data.

Nokia also acquired Mobira, a mobile telephony company, which was the foundation of its future mobile phone business. In 1981, Mobira launched the Nordic Mobile Telephone (NMT) service, the world's first international cellular network and the first to allow international roaming. In 1982, Mobira launched the Mobira Senator car phone, Nokia's first mobile phone. At that time, the company had no interest in producing mobile phones, which the executive board regarded as akin to James Bond's gadgets: improbably futuristic and niche devices. After all these acquisitions, Nokia's revenue base became US$2.7 billion.

CEO Kairamo committed suicide on 11 December 1988.

In 1987, Kaapelitehdas discontinued production of cables at its Helsinki factory after 44 years, effectively shutting down the sub-company.

1990–2010

 
Jorma Ollila, who oversaw the rise of Nokia in the mobile phone market as CEO from 1992 to 2006

Following Simo Vuorilehto's appointment as CEO, a major restructuring was planned. With 11 groups within the company, Vuorilehto divested industrial units he deemed as un-strategic. Nokian Tyres (Nokian Renkaat), a tyre producer originally formed as a division of Finnish Rubber Works in 1932, split away from Nokia Corporation in 1988. Two years later, in 1990, Finnish Rubber Works followed suit. In 1991, Nokia sold its computer division, Nokia Data, to UK-based International Computers Limited (ICL), the precursor of Fujitsu Siemens. Investors thought of this as financial trouble and Nokia's stock price sank as a result. Finland was now also experiencing its worst recession in living memory, and the collapse of the Soviet Union, a major customer, made matters worse.

Vuorilehto quit in January 1992 and was replaced by Jorma Ollila, who had been the head of the mobile phone business from 1990 and advised against selling that division. Ollila decided to turn Nokia into a 'telecom-oriented' company, and he eventually got rid of divisions like the power business. This strategy proved to be very successful and the company grew rapidly in the following years. Nokia's operating profit went from negative in 1991 to $1 billion in 1995 and almost $4 billion by 1999.[32]

Nokia's first fully portable mobile phone after the Mobira Senator was the Mobira Cityman 900 in 1987. Nokia assisted in the development of the GSM mobile standard in the 1980s, and developed the first GSM network with Siemens, the predecessor to Nokia Siemens Network. The world's first GSM call was made by Finnish prime minister Harri Holkeri on 1 July 1991, using Nokia equipment on the 900 MHz band network built by Nokia and operated by Radiolinja. In November 1992, the Nokia 1011 launched, making it the first commercially available GSM mobile phone.[33]

Salora Oy as a Nokia subsidiary ended in 1989 when the division was merged into Nokia-Mobira Oy. The brand continued to be used for televisions until 1995.

On 12 June 1996, Nokia announced the sale of its television business to Canada/Hong Kong-based Semi-Tech Corporation.[34] The television manufacturing plant in Germany closed down in September 1996. The sale included a factory in Turku, and the rights to use the Nokia, Finlux, Luxor, Salora, Schaub-Lorenz and Oceanic brands until the end of 1999.[35] Some of these brands were later sold to other companies.

Nokia was the first to launch digital satellite receivers in the UK, announced in March 1997.[36] In August 1997 Nokia introduced the first digital satellite receiver with Common Interface (CI) support.[37] In 1998 Nokia became the chosen supplier to produce the world's first digital terrestrial television set-top boxes by British Digital Broadcasting (BDB), which was eventually launched as ONdigital.[38]

 
A Nokia Mediamaster set-top box

In October 1998, Nokia overtook Motorola to become the best-selling mobile phone brand,[39] and in December manufactured its 100 millionth mobile phone.[40] A major reason why Nokia grew against its main competitors Motorola and Ericsson was that it managed to cater to the consumer youth market and fashion-oriented consumers, most significantly with the Nokia 5110 and 3210 handsets which featured a large range of colourful and replaceable back-covers called Xpress-on.[41][42] One of the earliest fashion phones in 1992, from Swiss watchmaker Swatch, was based on Nokia's 101 handset.[43] The company would also form the Vertu division, creating luxury mobile handsets.

Nokia claimed in April 1996 its 447Xav and 447K monitors to be the first with stereo speakers and a sub-woofer.[44] In May 1999 Nokia introduced their first wireless LAN products.[45] In January 2000 ViewSonic acquired Nokia Display Products, the division making displays for personal computers.[46] On 26 April 2001 Nokia partnered with Telefónica to supply DSL modems and routers in Spain.[47]

In 1997, Nokia established a joint venture with Brazilian electronics firm Gradient where they were granted the license to manufacture variants of Nokia mobile phones locally under the Nokia and Gradient brand names.[48]

In 1998, Nokia co-founded Symbian Ltd. led by Psion to create a new operating system for PDAs and smart mobile phones as a successor of EPOC32. They released the Nokia 9210 Communicator running Symbian OS in 2001 and later that year created the Symbian Series 60 platform, later introducing it with their first camera phone, the Nokia 7650. Both Nokia and Symbian eventually became the largest smartphone hardware and software maker respectively, and in February 2004 Nokia became the largest shareholder of Symbian Ltd.[49] Nokia acquired the entire company in June 2008 and then formed the Symbian Foundation as its successor.[50]

In 1998 alone, the company had sales revenue of $20 billion making $2.6 billion profit. By 2000 Nokia employed over 55,000 people,[51] and had a market share of 30% in the mobile phone market, almost twice as large as its nearest competitor, Motorola.[52] The company was operating in 140 countries as of 1999. It was reported at the time that some people believed Nokia to be a Japanese company.[53] Between 1996 and 2001, Nokia's turnover increased fivefold, from €6.5 billion to €31 billion.[54]

 
A collection of Nokia mobile phones from the 2000s

The company would then be known as a successful and innovative maker of camera phones. The Nokia 3600/3650 was the first camera phone on sale in North America in 2003. In April 2005 Nokia partnered with German camera optics maker Carl Zeiss AG.[55] That same month Nokia introduced the Nseries, which would become its flagship line of smartphones for the next six years.[56] The Nokia N95 was introduced in September 2006 became highly successful and was also awarded as "best mobile imaging device" in Europe in 2007.[57] Its successor the N82 featured a xenon flash,[58] which helped it win the award of "best mobile imaging" device in Europe in 2008.[59] The N93 in 2006 was known for its specialized camcorder and the twistable design that switches between clamshell and a camcorder-like position.[60] They were also well known for the N8 with a high-resolution 12-megapixel sensor in 2010; the 808 PureView in 2012 with a 41-megapixel sensor; and the Lumia 920 flagship in 2012 which implemented advanced PureView technologies.[61]

Nokia was one of the pioneers of mobile gaming due to the popularity of Snake, which came pre-loaded on many products. In 2002, Nokia attempted to break into the handheld gaming market with the N-Gage.[62] Nokia's head of entertainment and media, Ilkka Raiskinen, once quoted "Game Boy is for 10-year-olds",[63] stating that N-Gage is more suited to a mature audience. However, the device was a failure, unable to challenge the dominant market leader Nintendo. Nokia attempted to revive N-Gage as a platform for their S60 smartphones, which eventually launched in 2008.[64]

In Q1 2004, Nokia's mobile phone handset market share steeply dropped to 28.9%, down from 34.6% a year earlier.[65] However, by 2006 the company was steadily gaining again[66][67] and in Q4 2007 reached its all-time high figure of 40.4%.[68] Its smartphone market share in that quarter was 51%.[69] Nokia was the largest vendor at the time in all regions bar North America.[70]

Nokia launched mobile TV trials in 2005 in Finland with content provided by public broadcaster Yle. The services are based on the DVB-H standard. It could be viewed with the widescreen Nokia 7710 smartphone with a special accessory enabling it to receive DVB-H signals.[71] Nokia partnered with Arqiva and O2 to launch trials in the UK in September 2005.[72]

In 2005, Nokia developed a Linux-based operating system called Maemo, which shipped that year on the Nokia 770 Internet Tablet.

On 1 June 2006, Jorma Ollila became the company's chairman and retired as CEO, replaced by Olli-Pekka Kallasvuo.[73]

 
A flagship Nokia store in São Paulo, Brazil in 2009

In August 2007, Nokia introduced Ovi, an umbrella name for the company's new Internet services which included the N-Gage platform and the Nokia Music Store.[74] The Ovi Store faced stiff competition against Apple's App Store when it was introduced in 2008.[75]

In October 2008, Nokia announced the Nokia 5800 XpressMusic, the first device to ship with the new touch-centric S60 5th Edition, also known as Symbian^1, the first iteration of the platform since the creation of the Symbian Foundation. In November 2008 Nokia announced it would end mobile phone sales in Japan because of low market share.[76] Nokia's global mobile phone market share peaked in 2008 at 38.6 percent.[77] The same year, Nokia announced the acquisition of Trolltech and its Qt software development.[78] Qt was a central part of Nokia's strategy until 2011, and it was eventually sold in 2012.[79]

Nokia briefly returned to the computer market with the Booklet 3G netbook in August 2009.

2010–2014

 
A Nokia 9000 Communicator (1996) next to a Nokia E7 Communicator (2011)

In late 2009 and in 2010, the music-focused Xseries and consumer-focused Cseries were introduced respectively.[80] In April 2010 Nokia introduced its next flagship mobile device, the Nokia N8, which would be the first to run on Symbian^3.[81] However it was delayed for many months which tarnished the company's image,[82] especially after the failure of its previous flagship N97 and tougher competition from Apple and the rising Google. On 10 September 2010, Olli-Pekka Kallasvuo was fired as CEO and it was announced that Stephen Elop from Microsoft would take Nokia's CEO position, becoming the first non-Finnish director in Nokia's history.[83] It was claimed that investors pressed Nokia's board to recruit an outsider to shake up management and break from the traditional "Nokia way".[84] Ollila had also announced that he would step down as Nokia chairman by 2012.[85] On 11 March 2011 Nokia announced that it had paid Elop a $6 million signing bonus as "compensation for lost income from his prior employer", on top of his $1.4 million annual salary.[86]

The old Symbian OS became completely open source in February 2010.[87] However, in November 2010 it was announced that the Symbian Foundation was closing and that Nokia would take back control of the Symbian operating system under closed licensing.[88] By now Nokia was the only remaining company using the platform, along with carrier NTT DoCoMo in Japan, after both Samsung and Sony Ericsson moved to Android. Meanwhile, in 2010 for Nokia's Linux ambitions, Nokia collaborated with Intel to form the MeeGo project, after the merger of Nokia's own Maemo and Intel's Moblin.

Nokia's Symbian platform that had been the leading smartphone platform in Europe and Asia for many years was quickly becoming outdated and difficult for developers after the advent of iOS and Android. To counter this, Nokia planned to make their MeeGo Linux operating system, under development, the company's flagship on smartphones. Shortly after Elop's CEO tenure began, the Nokia board green-lit him the ability to change the company's mobile phones strategy, including changing operating systems.[89] Veteran Anssi Vanjoki, head of the smartphones division, left the company around this time.[90] His final appearance was at Nokia World 2010 when the Nokia E7 and other Symbian^3 devices were introduced.[91]

On 11 February 2011, Nokia announced a "strategic partnership" with Microsoft, under which it would adopt Windows Phone 7 as its primary operating system on smartphones, and integrate its services and platforms with its own, including Bing as search engine, and integration of Nokia Maps data into Bing Maps. Elop stated that Nokia chose not to use Android because of an apparent inability to "differentiate" its offerings, with critics also noting that his past ties to Microsoft may have also influenced the decision.[92][93][94] Although the MeeGo "Harmattan"-based N9 was met with a highly positive reception in 2011, Nokia had already decided to end development on MeeGo and solely focus on its Microsoft partnership, although the CEO said that the N9's "innovations" will live on in the future,[95] which eventually made their way on the Asha platform in 2013.[96] After the announcement of the Microsoft partnership, Nokia's market share deteriorated; this was due to demand for Symbian dropping when consumers realized Nokia's focus and attention would be elsewhere.[97]

The company posted a large loss for the second quarter of 2011 – only their second quarterly loss in 19 years.[98] Nokia's first Windows Phone flagship was the Lumia 800, which arrived in November 2011. Falling sales in 2011, which were not being improved significantly with the Lumia line in 2012, led to consecutive quarters of huge losses. By mid-2012 the company's stock price fell below $2.[99][100] CEO Elop announced cost-cutting measures in June by shedding 10,000 employees by the end of the year and the closure of the Salo manufacturing plant.[101] The Finnish prime minister also announced that the government wouldn't subsidize the company from an emergency state fund.[102] Around this time Nokia started a new project codenamed "Meltemi", a platform for low-end smartphones.[103] With the Microsoft alliance and under Elop's management, Nokia also had a renewed focus on the North American market where Nokia phones were, in stark contrast to the rest of the world, almost irrelevant for many years.[104][105] This strategy began in January 2012 with the introduction of the Nokia Lumia 900 smartphone in partnership with U.S. carrier AT&T.[106]

In March 2011, Nokia introduced a new corporate typeface called "Pure".[107] On 1 August 2011, Nokia announced that it would adopt a new three-digit naming system for mobile phone products and stop using letters, effectively ending the Nseries, Eseries, and short-lived Cseries. That same day the Nokia 500 was introduced with the new system.[108] Nokia last used three-digit names on analogue phones in the 1990s.[80]

When the Lumia 920 was announced in September 2012, it was seen by the press as the first high-end Windows Phone that could challenge rivals due to its advanced feature set. Elop said that the positive reaction to it had created a sense of hope and optimism in the company.[109] The company was also making gains in developing countries with its Asha series, which were selling strongly.[110] Although Nokia's smartphone sales and market share greatly increased throughout 2013, including in the North American market,[111] it was still not enough to avoid financial losses.[112] Ollila stepped down as chairman on 4 May 2012 and was replaced by Risto Siilasmaa.[113]

 
Risto Siilasmaa, Nokia chairman from 2012 to 2020

In September 2013, Nokia announced the sale of its mobile and devices division to Microsoft. The sale was positive for Nokia to avoid further negative financial figures, as well as for Microsoft's CEO Steve Ballmer, who wanted Microsoft to produce more hardware and turn it into a devices and services company.[114] The Nokia chairman, Risto Siilasmaa, described the deal as rationally correct (in the best interests of Nokia shareholders), but emotionally difficult[115] – experts agree that Nokia would have been in a cash crisis had it not sold the division to Microsoft.[116][115] Analysts believe that Ballmer pushed for the buyout because of fears that Nokia was close to adopting Android and abandoning their alliance with Microsoft.[117][118] Indeed, in January 2014 the Nokia X was introduced which ran on a customised version of Android. It was a surprising and somewhat odd launch coming just weeks away from the finalization of the Microsoft buyout.[119][120] Others, including Ballmer's successor Satya Nadella, felt that Microsoft thought merging their software teams with Nokia's hardware engineering and designs would "accelerate" growth of Windows Phone.[121] The sale was completed in April 2014, with Microsoft Mobile becoming the successor to Nokia's mobile devices division. Nokia also moved from its headquarters to another building complex located at Karaportti. At the time, Ballmer himself was retiring as Microsoft CEO and was replaced by Satya Nadella, who opposed the Nokia mobile phones purchase, along with chairman Bill Gates.[122] The purchased assets from Nokia were eventually written-off by Microsoft in 2015.[123]

By 2014, Nokia's global brand value according to Interbrand fell to 98th place,[124] a sharp slide from the 5th place it was in 2009.[125] Nokia's downfall in the mobile phone market has had different explanations from analysts, with many split about the CEO's decision to abandon its in-house operating system and adopting Windows Phone in 2011.[126] Many researchers have concluded that Nokia suffered from deep internal rivalries within the management.[116][127][128][129] Former employees claimed that the management became so swollen by the early success that they grew complacent over time.[130][131] Some from the Symbian developing team have claimed that the company's upper management rejected hundreds of potential innovations during the 2000s that they proposed, including entirely rewriting Symbian's code. One former Nokia employee claimed that the company was run as a "Soviet-style bureaucracy".[132]

 
Former Nokia plant in Bochum, Germany
 
A Nokia advertising sign in Dublin, Ireland

In July 2013, Nokia bought Siemens' stake in the Nokia Siemens Networks joint venture for $2.2 billion, turning it into a wholly owned subsidiary called Nokia Solutions and Networks,[133] until being rebranded as Nokia Networks soon after.[134] During Nokia's financial struggles, its profitable networking division with Siemens provided much of its income; thus, the purchase proved to be positive, particularly after the sale of its mobile devices unit.[135]

2014–2016

After the sale of its mobile devices division, Nokia focused on network equipment through Nokia Networks.[136]

In October 2014, Nokia and China Mobile signed a US$970 million framework deal for delivery between 2014 and 2015.[137]

On 17 November 2014, Nokia Technologies head Ramzi Haidamus disclosed that the company planned to re-enter the consumer electronics business as an original design manufacturer, licensing in-house hardware designs and technologies to third-party manufacturers. Haidamus stated that the Nokia brand was "valuable" but "is diminishing in value, and that's why it is important that we reverse that trend very quickly, imminently".[138] The next day, Nokia unveiled the N1, an Android tablet manufactured by Foxconn, as its first product following the Microsoft sale.[139] Haidamus emphasized that devices released under these licensing agreements would be held to high standards in production quality, and would "look and feel just like Nokia built it".[11] Nokia CEO Rajeev Suri stated that the company planned to re-enter the mobile phone business in this manner in 2016, following the expiration of its non-compete clause with Microsoft.[140]

According to Robert Morlino, the spokesman of Nokia Technologies, Nokia planned to follow the brand-licensing model rather than direct marketing of mobile devices due to the sale of its mobile devices division to Microsoft.[141] The company took aggressive steps to revitalize itself, evident through its hiring of software experts, testing of new products and seeking of sales partners.[142] On 14 July 2015, CEO Rajeev Suri confirmed that the company would make a return to the mobile phones market in 2016.[143]

On 28 July 2015, Nokia announced OZO, a 360-degrees virtual reality camera, with eight 2K optical image sensors. The division behind the product, Nokia Technologies, claimed that OZO would be the most advanced VR film-making platform.[144] Nokia's press release stated that OZO would be "the first in a planned portfolio of digital media solutions," with more technological products expected in the future.[145] OZO was fully unveiled on 30 November in Los Angeles. The OZO, designed for professional use, was intended for retail for US$60,000;[146] however, its price was decreased by $15,000 prior to release,[147] and is listed on its official website as $40,000.[148]

 
Nokia office building in Markham, Ontario, Canada in 2016 – originally Alcatel-Lucent's office
 
A Nokia Flexi Zone base transceiver station (2015)

On 14 April 2015, Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel-Lucent regarding a potential merger.[149] The next day, Nokia announced that it had agreed to purchase Alcatel-Lucent for €15.6 billion in an all-stock deal.[150] CEO Rajeev Suri felt that the purchase would give Nokia a strategic advantage in the development of 5G wireless technologies.[151][152] The acquisition created a stronger competitor to the rival firms Ericsson and Huawei,[153] whom Nokia and Alcatel-Lucent had surpassed in terms of total combined revenue in 2014. Nokia shareholders hold 66.5% of the new combined company, while Alcatel-Lucent shareholders hold 33.5%. The Bell Labs division was to be maintained, but the Alcatel-Lucent brand would be replaced by Nokia.[150][154] In October 2015, following approval of the deal by China's Ministry of Commerce, the merger awaited approval by French regulators.[155] Despite the initial intent of selling the submarine cable division separately, Alcatel-Lucent later declared that it would not.[156] The merger closed on 14 January 2016,[157] but was not complete until 3 November 2016. From the acquisition, Nokia is now also the owner of the Alcatel mobile phone brand, which continues to be licensed to TCL Corporation.

On 3 August 2015, Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of BMW, Daimler AG and Volkswagen Group for €2.8 billion.[158] The deal closed on 3 December 2015.[159]

2016–2019

On 26 April 2016, Nokia announced its intent to acquire French connected health device maker Withings for US$191 million. The company was integrated into a new Digital Health unit of Nokia Technologies.[160][161] Nokia later wrote off the cost of the acquisition and in May 2018 the health unit was sold back to Éric Carreel, a Withings co-founder and former CEO.[162]

 
2017 Nokia 6

On 18 May 2016, Microsoft Mobile sold its Nokia-branded feature phone business to HMD Global, a new company founded by former Nokia executive Jean-Francois Baril, and an associated factory in Vietnam to Foxconn's FIH Mobile subsidiary. Nokia subsequently entered into a long-term licensing deal to make HMD the exclusive manufacturer of Nokia-branded phones and tablets outside Japan, operating in conjunction with Foxconn. The deal also granted HMD the right to essential patents and featurephone software. HMD subsequently announced the Android-based Nokia 6 smartphone in January 2017.[163][164] At Mobile World Congress, HMD additionally unveiled the Nokia 3 and Nokia 5 smartphones, as well as a re-imagining of Nokia's classic 3310 feature phone.[165][166] Nokia has direct investments in the company,[167] and they do have some input in the new devices.

On 28 June 2016, Nokia demonstrated for the first time a 5G-ready network.[168] In February 2017 Nokia carried out a 5G connection in Oulu, Finland using the 5GTF standard, backed by Verizon, on Intel architecture-based equipment.[169]

In July 2017, Nokia and Xiaomi announced that they have signed a business collaboration agreement and a multi-year patent agreement, including a cross-license to each company's cellular standard-essential patents.[170] In that year, Nokia's brand value was ranked 188th by Brand Finance, a jump of 147 places from 2016. Its rise was attributed to its health portfolio and new mobile phones developed by HMD Global.[171]

In January 2018, Nokia signed a deal with NTT Docomo, Japan's largest mobile operator, to provide 5G wireless radio base stations in the country by 2020.[172] Later that month, Nokia announced the ReefShark line of 5G chipsets, claiming that it triples bandwidth to 84 Gbit/s.[173] In March, Solidium, the investment arm of the Finnish government, purchased a 3.3% stake in Nokia valued at €844 million.[174] In May, Nokia announced that it had acquired a California-based IoT startup, SpaceTime Insight.[175]

In January 2019, the Canadian government announced that it would provide $40 million to support Nokia's research on 5G technology.[176] A 2019 study revealed that Nokia phones performed far better than rivals Samsung, LG, Xiaomi, and Huawei in updating to the latest version of Android. The study, made by Counterpoint Research, found that 96 percent of Nokia phones were either sent with or updated to the latest Android version since Pie was released in 2018. Nokia's competitors were found to be all around roughly the 80 percent range.[177]

2020–present

On March 2, 2020, Nokia announced Pekka Lundmark as its new CEO.[178] Later that month, Nokia completed the acquisition of Elenion Technologies, a U.S.-based company focusing on silicon photonics technology to improve economics of advanced optical connectivity products.[179]

On May 27, 2020, Sari Baldauf succeeded Risto Siilasmaa as chairwoman of the board of directors, and Kari Stadigh was appointed vice chair. In June, Nokia won a 5G contract worth approximately $450 million[180] from Taiwan Mobile to build out the telecom operator's next-generation network as the sole supplier.[181] In October, Nokia announced a contract with NASA to build a 4G mobile network for astronaut usage on the moon. The $14.1 million contract, through subsidiary Bell Labs, was expected to begin in 2022.[182][183][184]

In 2020, Flipkart collaborated with Nokia to market Nokia-branded consumer products in India. These included televisions, a laptop and a range of air conditioners.[185] In April 2022, Nokia announced that it would exit the Russian market following the country's invasion of Ukraine. The company stated that the decision would not affect its financial outlook as Russia accounted for less than 2% of Nokia's net sales in 2021.[186]

In February 2023, Nokia introduced a new logo for the first time in nearly 60 years[187] to change its brand identity as people still associated the previous logo with mobile phones.[188] The new logo was designed by Lippincott.[189]

Current operations

Nokia is a julkinen osakeyhtiö (public joint-stock company) listed on the Nasdaq Nordic/Helsinki and New York stock exchanges.[7] Nokia has played a very large role in the economy of Finland,[190][191] and it is an important employer in the country, working with multiple local partners and subcontractors.[192] Nokia contributed 1.6% to Finland's GDP and accounted for about 16% of the country's exports in 2006.[193]

Nokia comprises two business groups along with further subsidiaries and affiliated firms.

Nokia Networks

 
Inside the Nokia Networks office in Munich, Germany

Nokia Networks is Nokia Corporation's largest division. It is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland, and is the world's third-largest telecoms equipment manufacturer, measured by 2017 revenues (after Huawei and Cisco). In the USA it competes with Ericsson on building 5G networks for operators, while Huawei Technologies and ZTE Corporation were effectively banned.[194]

It has operations in around 150 countries.[195]

Nokia Networks provides wireless and fixed network infrastructure, communications and networks service platforms and professional services to operators and service providers.[196] It focuses on GSM, EDGE, 3G/W-CDMA, LTE and WiMAX radio access networks, supporting core networks with increasing IP and multiaccess capabilities and services.

The Nokia Siemens Networks (NSN) brand identity was launched at the 3GSM World Congress in Barcelona in February 2007 as a joint venture between Nokia (50.1%) and Siemens (49.9%),[197] although it is now wholly owned by Nokia. In July 2013, Nokia bought back all shares in Nokia Siemens Networks for a sum of US$2.21 billion and renamed it to Nokia Solutions and Networks, shortly thereafter changed to simply Nokia Networks.[198]

Nokia Technologies

 
Nokia office building in Tampere, Finland

Nokia Technologies is a division of Nokia that develops consumer products and licenses technology including the Nokia brand.[199] Its focuses are imaging, sensing, wireless connectivity, power management and materials, and other areas such as the IP licensing program. It consists of three labs: Radio Systems Lab, in areas of radio access, wireless local connectivity and radio implementation; Media Technologies Lab, in areas of multimedia and interaction; and Sensor and Material Technologies Lab, in areas of advanced sensing solutions, interaction methods, nanotechnologies and quantum technologies. Nokia Technologies also provides public participation in its development through the Invent with Nokia program.[200] It was created in 2014 following a restructuring of Nokia Corporation.

In November 2014, Nokia Technologies launched its first product, the Nokia N1 tablet computer.[201] In July 2015, Nokia Technologies introduced a VR camera called OZO, designed for professional content creators and developed in Tampere, Finland. With its 8 synchronized shutter sensors and 8 microphones, the product can capture stereoscopic 3D video and spatial audio.[202][203]

On 31 August 2016, Ramzi Haidamus announced he would be stepping down from his position as president of Nokia Technologies.[204] Brad Rodrigues, previously head of strategy and business development, assumed the role of interim president.[205] On 30 June 2017, Gregory Lee, previously CEO of Samsung Electronics in North America, was appointed Nokia Technologies CEO and president.[206]

Nokia Bell Labs

Nokia Bell Labs is a research and scientific development firm that was once the R&D arm of the American Bell System. It became a subsidiary of Nokia Corporation after the takeover of Alcatel-Lucent in 2016.

NGP Capital

NGP Capital (formerly Nokia Growth Partners) is a global venture capital firm, focusing on investments in the growth stage "Internet of things" (IoT) and mobile technology companies.[207] NGP holds investments throughout the U.S., Europe, China and India. Their portfolio consists of companies in mobile technology including the sectors Connected Enterprise, Digital Health, Consumer IoT, and Connected Car. Following a $350 million funding for IoT companies in 2016, NGP manages $1 billion worth of assets.[208]

Nokia had previously promoted innovation through venture sponsorships dating back to 1998 with Nokia Venture Partners, which was renamed BlueRun Ventures and spun off in 2005.[209] Nokia Growth Partners (NGP) was founded in 2005 as a growth stage venture fund as a continuation of the early successes of Nokia Venture Partners. In 2017, the company was renamed to NGP Capital.[210]

NGP's largest exits include GanJi, UCWeb, Whistle, Rocket Fuel, Swype, Summit Microelectronics and Netmagic.

Nuage Networks

Nuage Networks is a venture providing software-defined networking solutions. It was formed by Alcatel-Lucent in 2013 to develop a software overlay for automating and orchestrating hybrid clouds.[211] It has been part of Nokia following their acquisition of Alcatel-Lucent in 2016.[212] Throughout 2017 Nuage sealed deals with Vodafone and Telefónica to provide its SD-WAN architecture to their servers.[213][214] BT had already been a client since 2016.[215] A deal with China Mobile in January 2017 also used Nuage's software-defined networking technology for 2,000 public cloud servers at existing data centers in China,[216] and another in October 2017 with China Pacific Insurance Company.[217]

The company is based in Mountain View, California and the CEO is Sunil Khandekar.[218]

Alcatel Mobile

Alcatel Mobile is a mobile phone brand owned by Nokia since 2016. It has been licensed since 2005 to Chinese company TCL when it was under the ownership of Alcatel (later Alcatel-Lucent) in a contract until 2024.

HMD Global

HMD Global is a mobile phone company based in Espoo, Finland. The Nokia brand has been licensed by former Nokia employees who founded HMD Global and introduced Nokia-branded Android-based devices to the market in 2017.[219] Nokia has no investment in the company but retains some input in the development of its devices.[220]

Nokia has 10.10% ownership in HMD Global after investing alongside Qualcomm and Google in 2020. In the 2020 financial report, FIH Mobile disclosed they have a 14.38% ownership in HMD Global. Finnish Nokia owns 10.10% of HMD Global, while other investors include Google, Qualcomm, and others with an undisclosed share in HMD.

Alcatel Submarine Networks

Alcatel Submarine Networks (ASN) is a provider of turnkey undersea network solutions. The business unit develops technology and offers installation services for optical submarine cable network links across the world's oceans.[221][222]

Corporate affairs

Corporate governance

The control and management of Nokia is divided among the shareholders at a general meeting and the Nokia Group Leadership Team (left),[223] under the direction of the board of directors (right).[224] The chairman and the rest of the Nokia Leadership Team members are appointed by the board of directors. Only the chairman of the Nokia Leadership Team can belong to both the board of directors and the Nokia Group Leadership Team. The Board of Directors' committees consist of the Audit Committee,[225] the Personnel Committee,[226] and the Corporate Governance and Nomination Committee.[227][228]

The operations of the company are managed within the framework set by the Finnish Companies Act,[229] Nokia's Articles of Association,[230] and Corporate Governance Guidelines,[231] supplemented by the board of directors' adopted charters. On 25 November 2019, Nokia announced that it would discontinue the role of Chief Operating Officer (COO) and distribute its functions to other company leaders. As a result, Chief Operating Officer Joerg Erlemeier decided to step down, effective 1 January 2020.[232]

Former corporate officers

Chief executive officers Chairpersons of the board of directors[233]
Name Tenure Name Tenure
Björn Westerlund 1967–1977 Lauri J. Kivekäs 1967–1977
Kari Kairamo 1977–1988 Björn Westerlund 1977–1979
Mika Tiivola 1979–1986
Kari Kairamo 1986–1988
Simo Vuorilehto 1988–1992 Simo Vuorilehto 1988–1990
Mika Tiivola 1990–1992
Jorma Ollila 1992–2006 Casimir Ehrnrooth 1992–1999
Olli-Pekka Kallasvuo 2006–2010 Jorma Ollila 1999–2012
Stephen Elop 2010–2014
Rajeev Suri 2014–2020 Risto Siilasmaa 2012–2020
Pekka Lundmark Aug 2020 Sari Baldauf 2020–current

Stock

Nokia is a public limited liability company and is the oldest company listed under the same name on the Helsinki Stock Exchange, beginning in 1915.[234] Nokia has had a secondary listing on the New York Stock Exchange since 1994.[7][234] Nokia shares were delisted from the London Stock Exchange in 2003, the Paris Stock Exchange in 2004, the Stockholm Stock Exchange in 2007 and the Frankfurt Stock Exchange in 2012.[235] Due to the acquisition of Alcatel-Lucent in 2015, Nokia listed its shares again on the Paris Stock Exchange and was included in the CAC 40 index on 6 January 2016[236] but later removed on 18 September 2017.[237]

In 2007, Nokia had a market capitalization of €110 billion; by 17 July 2012 this had fallen to €6.28 billion, and by 23 February 2015, it increased to €26.07 billion. Nokia market cap at 2020 was 21.76 billion.

Corporate culture

Nokia's official corporate culture manifesto since the 1990s is called The Nokia Way.[238] It emphasizes the speed and flexibility of decision-making in a flat, networked organization.[239]

The official business language of Nokia is English. All documentation is written in English, and is used in official intra-company communication.

In 1992, Nokia adopted values that were defined with the key words respect, achievement, renewal and challenge.[240] In May 2007, the company redefined its values after initiating a series of discussion across its worldwide branches regarding what the new values of the company should be. Based on the employee suggestions, the new values were defined as: Engaging You, Achieving Together, Passion for Innovation and Very Human.[239] In August 2014, Nokia redefined its values again after the sale of its Devices business, using the original 1992 values again.

Headquarters

 
The former Nokia House, Nokia's head office until April 2014. The building is located by the Gulf of Finland in Keilaniemi, Espoo, and was constructed between 1995 and 1997. It was the workplace of more than 1,000 Nokia employees.[234]

Nokia are based at Karaportti in Espoo, Finland, just outside capital Helsinki. It has been their head office since 2014 after moving from the purpose-built Nokia House in Espoo as part of the sale of the mobile phone business to Microsoft.[241] The building in Karaportti was previously the headquarters of NSN (now Nokia Networks).[242]

Awards and recognition

In 2018, Nokia received the Leading Lights award for most innovative cable/video product[243] and was named to Ethisphere's 2018 world's most ethical companies list.[244]

Logo history

Controversies

NSN's provision of intercept capability to Iran

In 2008, Nokia Siemens Networks, a joint venture between Nokia and Siemens AG, reportedly provided Iran's monopoly telecom company with technology that allowed it to intercept the Internet communications of its citizens.[251] The technology reportedly allowed Iran to use deep packet inspection to read and change the content of emails, social media, and online phone calls. The technology "enables authorities to not only block communication but to monitor it to gather information about individuals, as well as alter it for disinformation purposes".[252]

During the post-election protests in Iran in June 2009, Iran's Internet access was reported to have slowed to less than a tenth of its normal speeds, which experts suspected was due to using of deep packet inspection.[253]

In July 2009, Nokia began to experience a boycott of their products and services in Iran. The boycott was led by consumers sympathetic to the post-election protest movement and targeted companies deemed to be collaborating with the regime. Demand for handsets fell and users began shunning SMS messaging.[254]

Nokia Siemens Networks asserted in a press release that it provided Iran only with a "lawful intercept capability solely for monitoring of local voice calls" and that it "has not provided any deep packet inspection, web censorship, or Internet filtering capability to Iran".[255]

Lex Nokia

In 2009, Nokia heavily supported a law in Finland that allows companies to monitor their employees' electronic communications in cases of suspected information leaking.[256] Nokia denied rumors that the company had considered moving its head office out of Finland if laws on electronic surveillance were not changed.[257] The Finnish media dubbed the law Lex Nokia because it was implemented as a result of Nokia's pressure.

The law was enacted, but with strict requirements for the implementation of its provisions. No company had used its provisions prior to 25 February 2013, when the Office of Data Protection Ombudsman confirmed that city of Hämeenlinna had recently given the required notice.[258]

Nokia–Apple patent dispute

In October 2009, Nokia filed a lawsuit against Apple Inc. in the U.S. District Court of Delaware claiming that Apple infringed on 10 of its patents related to wireless communication including data transfer.[259] Apple was quick to respond with a countersuit filed in December 2009 accusing Nokia of 11 patent infringements. Apple's general counsel, Bruce Sewell went a step further by stating, "Other companies must compete with us by inventing their own technologies, not just by stealing ours." This resulted in a legal battle between the two telecom majors with Nokia filing another suit, this time with the U.S. International Trade Commission (ITC), alleging Apple had infringed its patents in "virtually all of its mobile phones, portable music players and computers".[260] Nokia went on to ask the court to ban all U.S. imports of the Apple products, including the iPhone, Macintosh and iPod. Apple countersued by filing a complaint with the ITC in January 2010.[259]

In June 2011, Apple settled with Nokia and agreed to an estimated one time payment of $600 million and royalties to Nokia.[261] The two companies also agreed on a cross-licensing patents for some of their patented technologies.[262][263]

Alleged tax evasion in India

Nokia's Indian subsidiary was charged in January 2013 with non-payment of Indian Tax Deducted at Source and transgressing transfer pricing norms in India.[264] The unpaid TDS of 30 billion, accrued during a course of six years, was due to royalty paid by the Indian subsidiary to its parent company.[265]

Nokia 7 Plus data breach

In March 2019, news broke that the company's Nokia 7 Plus phones were allegedly sending personal user data to China over several months. According to investigators, the gadget sent unencrypted data packages including geographical location, SIM card number, and the phone's serial number to an unidentified Chinese server every time that "the phone was turned on, the screen activated or unlocked."[266] The data was sufficient to follow the movements and actions of the phone in real time.[266]

Nokia brand owner HMD Global denied any such transfers had taken place, stating that it was instead the result of an error in the packing process of the phone's software.[267] The Finnish Office of the Data Protection Ombudsman launched an investigation into the matter on the assumption "that personal data has been transferred."[268]

Xinjiang region

In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Nokia, of being connected to forced Uyghur labor in Xinjiang.[269]

See also

Notes

References

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Further reading

External links

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nokia, this, article, about, finnish, telecommunications, corporation, town, finland, finland, other, uses, disambiguation, coordinates, 2247, 7563, 2247, 7563, corporation, natively, referred, finnish, multinational, telecommunications, information, technolog. This article is about the Finnish telecommunications corporation For the town in Finland see Nokia Finland For other uses see Nokia disambiguation Coordinates 60 13 29 N 24 45 23 E 60 2247 N 24 7563 E 60 2247 24 7563 Nokia Corporation natively Nokia Oyj referred to as Nokia a is a Finnish multinational telecommunications information technology and consumer electronics corporation established in 1865 Nokia s main headquarters are in Espoo Finland in the greater Helsinki metropolitan area 3 but the company s actual roots are in the Tampere region of Pirkanmaa 5 In 2020 Nokia employed approximately 92 000 people 6 across over 100 countries did business in more than 130 countries and reported annual revenues of around 23 billion 4 Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange 7 It is the world s 415th largest company measured by 2016 revenues according to the Fortune Global 500 having peaked at 85th place in 2009 8 It is a component of the Euro Stoxx 50 stock market index 9 10 Nokia CorporationHeadquarters in Espoo since September 2019 1 Native nameNokia OyjTypeJulkinen osakeyhtio public Traded asNasdaq Helsinki NOKIANYSE NOK ADR OMX Helsinki 25 component NOKIA ISINFI0009000681IndustryTelecommunicationsTechnologyElectronicsPredecessorsNokia AktiebolagSuomen Kumitehdas OySuomen Kaapelitehdas Oy Pre 1967 merger Founded12 May 1865 157 years ago 1865 05 12 in Tampere Grand Duchy of Finland Russian EmpireFoundersFredrik IdestamLeo MechelinEduard PolonHeadquartersEspoo FinlandArea servedWorldwideKey peopleSari Baldauf Chairman Pekka Lundmark President amp wbr CEO ProductsList of Nokia productsRevenue 24 91 billion 2022 Operating income 2 318 billion 2022 Net income 4 259 billion 2022 Total assets 42 94 billion 2022 Total equity 21 43 billion 2022 Number of employees86 896 2022 DivisionsNokia NetworksNokia TechnologiesSubsidiariesBell LabsNGP CapitalNuage NetworksRadio Frequency SystemsWebsitenokia comFootnotes references 2 3 4 The company has operated in various industries over the past 150 years It was founded as a pulp mill and had long been associated with rubber and cables but since the 1990s has focused on large scale telecommunications infrastructure technology development and licensing 11 Nokia made significant contributions to the mobile telephony industry assisting in the development of the GSM 3G and LTE standards For a decade beginning in 1998 Nokia was the largest worldwide vendor of mobile phones and smartphones In the later 2000s however Nokia suffered from a series of poor management decisions and soon saw its share of the mobile phone market drop sharply After a partnership with Microsoft and Nokia s subsequent market struggles 12 13 14 in 2014 Microsoft bought Nokia s mobile phone business 15 16 incorporating it as Microsoft Mobile 17 After the sale Nokia began to focus more on its telecommunications infrastructure business and on Internet of things technologies marked by the divestiture of its Here mapping division and the acquisition of Alcatel Lucent including its Bell Labs research organization 18 The company then also experimented with virtual reality and digital health the latter through the purchase of Withings 19 20 21 22 The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with HMD Global 23 Nokia continues to be a major patent licensor for most large mobile phone vendors 24 As of 2018 Nokia is the world s third largest network equipment manufacturer 25 The company was viewed with national pride by Finns as its mobile phone business made it by far the largest worldwide company and brand from Finland 26 At its peak in 2000 Nokia accounted for 4 of the country s GDP 21 of total exports and 70 of the Helsinki Stock Exchange market capital 27 28 Contents 1 History 1 1 1865 1967 1 2 1967 1990 1 3 1990 2010 1 4 2010 2014 1 5 2014 2016 1 6 2016 2019 1 7 2020 present 2 Current operations 2 1 Nokia Networks 2 2 Nokia Technologies 2 3 Nokia Bell Labs 2 4 NGP Capital 2 5 Nuage Networks 2 6 Alcatel Mobile 2 7 HMD Global 2 8 Alcatel Submarine Networks 3 Corporate affairs 3 1 Corporate governance 3 1 1 Former corporate officers 3 2 Stock 3 3 Corporate culture 3 4 Headquarters 4 Awards and recognition 5 Logo history 6 Controversies 6 1 NSN s provision of intercept capability to Iran 6 2 Lex Nokia 6 3 Nokia Apple patent dispute 6 4 Alleged tax evasion in India 6 5 Nokia 7 Plus data breach 6 6 Xinjiang region 7 See also 8 Notes 9 References 10 Further reading 11 External linksHistory EditMain article History of Nokia 1865 1967 Edit Rolls of toilet paper produced by Nokia in the 1960s Vapriikki Museum Centre Tampere Nokia s history dates from 1865 when Finnish Swede mining engineer Fredrik Idestam established a pulp mill on the shores of the Tammerkoski rapids near the town of Tampere Finland then in the Russian Empire 5 A second pulp mill was opened in 1868 near the neighboring town of Nokia where there were better hydropower resources 5 In 1871 Idestam together with a friend Leo Mechelin formed a shared company and called it Nokia Ab in Swedish Nokia Company being the English equivalent after the site of the second pulp mill Idestam retired in 1896 making Mechelin the company s chairman he expanded into electricity generation by 1902 which Idestam had opposed In 1904 Suomen Gummitehdas Finnish Rubber Works a rubber business founded by Eduard Polon established a factory near the town of Nokia and used its name In 1922 in a now independent Finland Nokia Ab entered into a partnership with Finnish Rubber Works and Kaapelitehdas the Cable Factory all now jointly under the leadership of Polon The rubber company grew rapidly when it moved to the Nokia region in the 1930s to take advantage of the electricity supply and the cable company soon did too Nokia at the time also made respirators for both civilian and military use from the 1930s well into the early 1990s 29 1967 1990 Edit LV 317M military radio in the Hameenlinna artillery museum Nokian rubber boots In 1967 the three companies Nokia Kaapelitehdas and Finnish Rubber Works merged to create a new Nokia Corporation restructured into four major businesses forestry cable rubber and electronics In the early 1970s it entered the networking and radio industries Nokia started making military equipment for Finland s defence forces Puolustusvoimat such as the Sanomalaite M 90 communicator in 1983 and the M61 gas mask first developed in the 1960s Nokia was now also making professional mobile radios telephone switches capacitors and chemicals After Finland s trade agreement with the Soviet Union in the 1960s Nokia expanded into the Soviet market It soon widened trade ranging from automatic telephone exchanges to robotics among others by the late 1970s the Soviet Union became a major market for Nokia yielding high profits Nokia also co operated on scientific technology with the Soviet Union The U S government became increasingly suspicious of that co operation after the end of the Cold War detente in the early 1980s Nokia imported many US made components and used them in products for the Soviets and according to U S Deputy Minister of Defence Richard Perle Nokia had a secret co operation with The Pentagon that allowed the U S to keep track of technological developments in the Soviet Union through trading with Nokia 30 This was a demonstration of Finland trading with both sides as it was neutral during the Cold War In 1977 Kari Kairamo became CEO and transformed the company s businesses By this time Finland was becoming what has been called Nordic Japan by whom Under his leadership Nokia acquired many companies including television maker Salora in 1984 followed by Swedish electronics and computer maker Luxor AB in 1985 and French television maker Oceanic in 1987 This made Nokia the third largest television manufacturer of Europe behind Philips and Thomson The existing brands continued to be used until the end of the television business in 1996 Nokia Mikko 3 minicomputer 1978 Mobira Cityman 450 1985 In 1987 Nokia acquired Schaub Lorenz the consumer operations of Germany s Standard Elektrik Lorenz SEL which included its Schaub Lorenz and Graetz brands It was originally part of American conglomerate International Telephone amp Telegraph ITT and after the acquisition products were sold under the ITT Nokia brand despite SEL s sale to Compagnie Generale d Electricite CGE the predecessor of Alcatel in 1986 On 1 April 1988 Nokia bought the Information Systems division of Ericsson 31 which had originated as the Datasaab computer division of Swedish aircraft and car manufacturer Saab Ericsson Information Systems made Alfaskop terminals typewriters minicomputers and Ericsson branded IBM compatible PCs The merger with Nokia s Information Systems division which since 1981 had a line of personal computers called MikroMikko resulted in the name Nokia Data Nokia also acquired Mobira a mobile telephony company which was the foundation of its future mobile phone business In 1981 Mobira launched the Nordic Mobile Telephone NMT service the world s first international cellular network and the first to allow international roaming In 1982 Mobira launched the Mobira Senator car phone Nokia s first mobile phone At that time the company had no interest in producing mobile phones which the executive board regarded as akin to James Bond s gadgets improbably futuristic and niche devices After all these acquisitions Nokia s revenue base became US 2 7 billion CEO Kairamo committed suicide on 11 December 1988 In 1987 Kaapelitehdas discontinued production of cables at its Helsinki factory after 44 years effectively shutting down the sub company Mobira 800 NDB non directional beacon located in the Finnish Air Force signals museum Nokia MAC 8532 laser rangefinder previously used by Finnish coastal artillery Hameenlinna artillery museum display containing fire control officer with Nokia artillery calculator in Finnish artillery battalion command post Late 1980s MikroMikko 4 TT m216 desktop computer in the Museum of Technology Helsinki Finland ITT Nokia television with an ITT Nokia VCR ITT SEL A 1986 Mobira pager1990 2010 Edit Jorma Ollila who oversaw the rise of Nokia in the mobile phone market as CEO from 1992 to 2006 Following Simo Vuorilehto s appointment as CEO a major restructuring was planned With 11 groups within the company Vuorilehto divested industrial units he deemed as un strategic Nokian Tyres Nokian Renkaat a tyre producer originally formed as a division of Finnish Rubber Works in 1932 split away from Nokia Corporation in 1988 Two years later in 1990 Finnish Rubber Works followed suit In 1991 Nokia sold its computer division Nokia Data to UK based International Computers Limited ICL the precursor of Fujitsu Siemens Investors thought of this as financial trouble and Nokia s stock price sank as a result Finland was now also experiencing its worst recession in living memory and the collapse of the Soviet Union a major customer made matters worse Vuorilehto quit in January 1992 and was replaced by Jorma Ollila who had been the head of the mobile phone business from 1990 and advised against selling that division Ollila decided to turn Nokia into a telecom oriented company and he eventually got rid of divisions like the power business This strategy proved to be very successful and the company grew rapidly in the following years Nokia s operating profit went from negative in 1991 to 1 billion in 1995 and almost 4 billion by 1999 32 Nokia s first fully portable mobile phone after the Mobira Senator was the Mobira Cityman 900 in 1987 Nokia assisted in the development of the GSM mobile standard in the 1980s and developed the first GSM network with Siemens the predecessor to Nokia Siemens Network The world s first GSM call was made by Finnish prime minister Harri Holkeri on 1 July 1991 using Nokia equipment on the 900 MHz band network built by Nokia and operated by Radiolinja In November 1992 the Nokia 1011 launched making it the first commercially available GSM mobile phone 33 Salora Oy as a Nokia subsidiary ended in 1989 when the division was merged into Nokia Mobira Oy The brand continued to be used for televisions until 1995 On 12 June 1996 Nokia announced the sale of its television business to Canada Hong Kong based Semi Tech Corporation 34 The television manufacturing plant in Germany closed down in September 1996 The sale included a factory in Turku and the rights to use the Nokia Finlux Luxor Salora Schaub Lorenz and Oceanic brands until the end of 1999 35 Some of these brands were later sold to other companies Nokia was the first to launch digital satellite receivers in the UK announced in March 1997 36 In August 1997 Nokia introduced the first digital satellite receiver with Common Interface CI support 37 In 1998 Nokia became the chosen supplier to produce the world s first digital terrestrial television set top boxes by British Digital Broadcasting BDB which was eventually launched as ONdigital 38 A Nokia Mediamaster set top box In October 1998 Nokia overtook Motorola to become the best selling mobile phone brand 39 and in December manufactured its 100 millionth mobile phone 40 A major reason why Nokia grew against its main competitors Motorola and Ericsson was that it managed to cater to the consumer youth market and fashion oriented consumers most significantly with the Nokia 5110 and 3210 handsets which featured a large range of colourful and replaceable back covers called Xpress on 41 42 One of the earliest fashion phones in 1992 from Swiss watchmaker Swatch was based on Nokia s 101 handset 43 The company would also form the Vertu division creating luxury mobile handsets Nokia claimed in April 1996 its 447Xav and 447K monitors to be the first with stereo speakers and a sub woofer 44 In May 1999 Nokia introduced their first wireless LAN products 45 In January 2000 ViewSonic acquired Nokia Display Products the division making displays for personal computers 46 On 26 April 2001 Nokia partnered with Telefonica to supply DSL modems and routers in Spain 47 In 1997 Nokia established a joint venture with Brazilian electronics firm Gradient where they were granted the license to manufacture variants of Nokia mobile phones locally under the Nokia and Gradient brand names 48 In 1998 Nokia co founded Symbian Ltd led by Psion to create a new operating system for PDAs and smart mobile phones as a successor of EPOC32 They released the Nokia 9210 Communicator running Symbian OS in 2001 and later that year created the Symbian Series 60 platform later introducing it with their first camera phone the Nokia 7650 Both Nokia and Symbian eventually became the largest smartphone hardware and software maker respectively and in February 2004 Nokia became the largest shareholder of Symbian Ltd 49 Nokia acquired the entire company in June 2008 and then formed the Symbian Foundation as its successor 50 In 1998 alone the company had sales revenue of 20 billion making 2 6 billion profit By 2000 Nokia employed over 55 000 people 51 and had a market share of 30 in the mobile phone market almost twice as large as its nearest competitor Motorola 52 The company was operating in 140 countries as of 1999 It was reported at the time that some people believed Nokia to be a Japanese company 53 Between 1996 and 2001 Nokia s turnover increased fivefold from 6 5 billion to 31 billion 54 A collection of Nokia mobile phones from the 2000s The company would then be known as a successful and innovative maker of camera phones The Nokia 3600 3650 was the first camera phone on sale in North America in 2003 In April 2005 Nokia partnered with German camera optics maker Carl Zeiss AG 55 That same month Nokia introduced the Nseries which would become its flagship line of smartphones for the next six years 56 The Nokia N95 was introduced in September 2006 became highly successful and was also awarded as best mobile imaging device in Europe in 2007 57 Its successor the N82 featured a xenon flash 58 which helped it win the award of best mobile imaging device in Europe in 2008 59 The N93 in 2006 was known for its specialized camcorder and the twistable design that switches between clamshell and a camcorder like position 60 They were also well known for the N8 with a high resolution 12 megapixel sensor in 2010 the 808 PureView in 2012 with a 41 megapixel sensor and the Lumia 920 flagship in 2012 which implemented advanced PureView technologies 61 Nokia was one of the pioneers of mobile gaming due to the popularity of Snake which came pre loaded on many products In 2002 Nokia attempted to break into the handheld gaming market with the N Gage 62 Nokia s head of entertainment and media Ilkka Raiskinen once quoted Game Boy is for 10 year olds 63 stating that N Gage is more suited to a mature audience However the device was a failure unable to challenge the dominant market leader Nintendo Nokia attempted to revive N Gage as a platform for their S60 smartphones which eventually launched in 2008 64 In Q1 2004 Nokia s mobile phone handset market share steeply dropped to 28 9 down from 34 6 a year earlier 65 However by 2006 the company was steadily gaining again 66 67 and in Q4 2007 reached its all time high figure of 40 4 68 Its smartphone market share in that quarter was 51 69 Nokia was the largest vendor at the time in all regions bar North America 70 Nokia launched mobile TV trials in 2005 in Finland with content provided by public broadcaster Yle The services are based on the DVB H standard It could be viewed with the widescreen Nokia 7710 smartphone with a special accessory enabling it to receive DVB H signals 71 Nokia partnered with Arqiva and O2 to launch trials in the UK in September 2005 72 In 2005 Nokia developed a Linux based operating system called Maemo which shipped that year on the Nokia 770 Internet Tablet On 1 June 2006 Jorma Ollila became the company s chairman and retired as CEO replaced by Olli Pekka Kallasvuo 73 A flagship Nokia store in Sao Paulo Brazil in 2009 In August 2007 Nokia introduced Ovi an umbrella name for the company s new Internet services which included the N Gage platform and the Nokia Music Store 74 The Ovi Store faced stiff competition against Apple s App Store when it was introduced in 2008 75 In October 2008 Nokia announced the Nokia 5800 XpressMusic the first device to ship with the new touch centric S60 5th Edition also known as Symbian 1 the first iteration of the platform since the creation of the Symbian Foundation In November 2008 Nokia announced it would end mobile phone sales in Japan because of low market share 76 Nokia s global mobile phone market share peaked in 2008 at 38 6 percent 77 The same year Nokia announced the acquisition of Trolltech and its Qt software development 78 Qt was a central part of Nokia s strategy until 2011 and it was eventually sold in 2012 79 Nokia briefly returned to the computer market with the Booklet 3G netbook in August 2009 2010 2014 Edit A Nokia 9000 Communicator 1996 next to a Nokia E7 Communicator 2011 In late 2009 and in 2010 the music focused Xseries and consumer focused Cseries were introduced respectively 80 In April 2010 Nokia introduced its next flagship mobile device the Nokia N8 which would be the first to run on Symbian 3 81 However it was delayed for many months which tarnished the company s image 82 especially after the failure of its previous flagship N97 and tougher competition from Apple and the rising Google On 10 September 2010 Olli Pekka Kallasvuo was fired as CEO and it was announced that Stephen Elop from Microsoft would take Nokia s CEO position becoming the first non Finnish director in Nokia s history 83 It was claimed that investors pressed Nokia s board to recruit an outsider to shake up management and break from the traditional Nokia way 84 Ollila had also announced that he would step down as Nokia chairman by 2012 85 On 11 March 2011 Nokia announced that it had paid Elop a 6 million signing bonus as compensation for lost income from his prior employer on top of his 1 4 million annual salary 86 Nokia and Microsoft Lumia devices The old Symbian OS became completely open source in February 2010 87 However in November 2010 it was announced that the Symbian Foundation was closing and that Nokia would take back control of the Symbian operating system under closed licensing 88 By now Nokia was the only remaining company using the platform along with carrier NTT DoCoMo in Japan after both Samsung and Sony Ericsson moved to Android Meanwhile in 2010 for Nokia s Linux ambitions Nokia collaborated with Intel to form the MeeGo project after the merger of Nokia s own Maemo and Intel s Moblin Nokia s Symbian platform that had been the leading smartphone platform in Europe and Asia for many years was quickly becoming outdated and difficult for developers after the advent of iOS and Android To counter this Nokia planned to make their MeeGo Linux operating system under development the company s flagship on smartphones Shortly after Elop s CEO tenure began the Nokia board green lit him the ability to change the company s mobile phones strategy including changing operating systems 89 Veteran Anssi Vanjoki head of the smartphones division left the company around this time 90 His final appearance was at Nokia World 2010 when the Nokia E7 and other Symbian 3 devices were introduced 91 On 11 February 2011 Nokia announced a strategic partnership with Microsoft under which it would adopt Windows Phone 7 as its primary operating system on smartphones and integrate its services and platforms with its own including Bing as search engine and integration of Nokia Maps data into Bing Maps Elop stated that Nokia chose not to use Android because of an apparent inability to differentiate its offerings with critics also noting that his past ties to Microsoft may have also influenced the decision 92 93 94 Although the MeeGo Harmattan based N9 was met with a highly positive reception in 2011 Nokia had already decided to end development on MeeGo and solely focus on its Microsoft partnership although the CEO said that the N9 s innovations will live on in the future 95 which eventually made their way on the Asha platform in 2013 96 After the announcement of the Microsoft partnership Nokia s market share deteriorated this was due to demand for Symbian dropping when consumers realized Nokia s focus and attention would be elsewhere 97 The company posted a large loss for the second quarter of 2011 only their second quarterly loss in 19 years 98 Nokia s first Windows Phone flagship was the Lumia 800 which arrived in November 2011 Falling sales in 2011 which were not being improved significantly with the Lumia line in 2012 led to consecutive quarters of huge losses By mid 2012 the company s stock price fell below 2 99 100 CEO Elop announced cost cutting measures in June by shedding 10 000 employees by the end of the year and the closure of the Salo manufacturing plant 101 The Finnish prime minister also announced that the government wouldn t subsidize the company from an emergency state fund 102 Around this time Nokia started a new project codenamed Meltemi a platform for low end smartphones 103 With the Microsoft alliance and under Elop s management Nokia also had a renewed focus on the North American market where Nokia phones were in stark contrast to the rest of the world almost irrelevant for many years 104 105 This strategy began in January 2012 with the introduction of the Nokia Lumia 900 smartphone in partnership with U S carrier AT amp T 106 In March 2011 Nokia introduced a new corporate typeface called Pure 107 On 1 August 2011 Nokia announced that it would adopt a new three digit naming system for mobile phone products and stop using letters effectively ending the Nseries Eseries and short lived Cseries That same day the Nokia 500 was introduced with the new system 108 Nokia last used three digit names on analogue phones in the 1990s 80 When the Lumia 920 was announced in September 2012 it was seen by the press as the first high end Windows Phone that could challenge rivals due to its advanced feature set Elop said that the positive reaction to it had created a sense of hope and optimism in the company 109 The company was also making gains in developing countries with its Asha series which were selling strongly 110 Although Nokia s smartphone sales and market share greatly increased throughout 2013 including in the North American market 111 it was still not enough to avoid financial losses 112 Ollila stepped down as chairman on 4 May 2012 and was replaced by Risto Siilasmaa 113 Risto Siilasmaa Nokia chairman from 2012 to 2020 In September 2013 Nokia announced the sale of its mobile and devices division to Microsoft The sale was positive for Nokia to avoid further negative financial figures as well as for Microsoft s CEO Steve Ballmer who wanted Microsoft to produce more hardware and turn it into a devices and services company 114 The Nokia chairman Risto Siilasmaa described the deal as rationally correct in the best interests of Nokia shareholders but emotionally difficult 115 experts agree that Nokia would have been in a cash crisis had it not sold the division to Microsoft 116 115 Analysts believe that Ballmer pushed for the buyout because of fears that Nokia was close to adopting Android and abandoning their alliance with Microsoft 117 118 Indeed in January 2014 the Nokia X was introduced which ran on a customised version of Android It was a surprising and somewhat odd launch coming just weeks away from the finalization of the Microsoft buyout 119 120 Others including Ballmer s successor Satya Nadella felt that Microsoft thought merging their software teams with Nokia s hardware engineering and designs would accelerate growth of Windows Phone 121 The sale was completed in April 2014 with Microsoft Mobile becoming the successor to Nokia s mobile devices division Nokia also moved from its headquarters to another building complex located at Karaportti At the time Ballmer himself was retiring as Microsoft CEO and was replaced by Satya Nadella who opposed the Nokia mobile phones purchase along with chairman Bill Gates 122 The purchased assets from Nokia were eventually written off by Microsoft in 2015 123 By 2014 Nokia s global brand value according to Interbrand fell to 98th place 124 a sharp slide from the 5th place it was in 2009 125 Nokia s downfall in the mobile phone market has had different explanations from analysts with many split about the CEO s decision to abandon its in house operating system and adopting Windows Phone in 2011 126 Many researchers have concluded that Nokia suffered from deep internal rivalries within the management 116 127 128 129 Former employees claimed that the management became so swollen by the early success that they grew complacent over time 130 131 Some from the Symbian developing team have claimed that the company s upper management rejected hundreds of potential innovations during the 2000s that they proposed including entirely rewriting Symbian s code One former Nokia employee claimed that the company was run as a Soviet style bureaucracy 132 Former Nokia plant in Bochum Germany A Nokia advertising sign in Dublin Ireland In July 2013 Nokia bought Siemens stake in the Nokia Siemens Networks joint venture for 2 2 billion turning it into a wholly owned subsidiary called Nokia Solutions and Networks 133 until being rebranded as Nokia Networks soon after 134 During Nokia s financial struggles its profitable networking division with Siemens provided much of its income thus the purchase proved to be positive particularly after the sale of its mobile devices unit 135 2014 2016 Edit After the sale of its mobile devices division Nokia focused on network equipment through Nokia Networks 136 In October 2014 Nokia and China Mobile signed a US 970 million framework deal for delivery between 2014 and 2015 137 On 17 November 2014 Nokia Technologies head Ramzi Haidamus disclosed that the company planned to re enter the consumer electronics business as an original design manufacturer licensing in house hardware designs and technologies to third party manufacturers Haidamus stated that the Nokia brand was valuable but is diminishing in value and that s why it is important that we reverse that trend very quickly imminently 138 The next day Nokia unveiled the N1 an Android tablet manufactured by Foxconn as its first product following the Microsoft sale 139 Haidamus emphasized that devices released under these licensing agreements would be held to high standards in production quality and would look and feel just like Nokia built it 11 Nokia CEO Rajeev Suri stated that the company planned to re enter the mobile phone business in this manner in 2016 following the expiration of its non compete clause with Microsoft 140 According to Robert Morlino the spokesman of Nokia Technologies Nokia planned to follow the brand licensing model rather than direct marketing of mobile devices due to the sale of its mobile devices division to Microsoft 141 The company took aggressive steps to revitalize itself evident through its hiring of software experts testing of new products and seeking of sales partners 142 On 14 July 2015 CEO Rajeev Suri confirmed that the company would make a return to the mobile phones market in 2016 143 On 28 July 2015 Nokia announced OZO a 360 degrees virtual reality camera with eight 2K optical image sensors The division behind the product Nokia Technologies claimed that OZO would be the most advanced VR film making platform 144 Nokia s press release stated that OZO would be the first in a planned portfolio of digital media solutions with more technological products expected in the future 145 OZO was fully unveiled on 30 November in Los Angeles The OZO designed for professional use was intended for retail for US 60 000 146 however its price was decreased by 15 000 prior to release 147 and is listed on its official website as 40 000 148 Nokia office building in Markham Ontario Canada in 2016 originally Alcatel Lucent s office A Nokia Flexi Zone base transceiver station 2015 On 14 April 2015 Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel Lucent regarding a potential merger 149 The next day Nokia announced that it had agreed to purchase Alcatel Lucent for 15 6 billion in an all stock deal 150 CEO Rajeev Suri felt that the purchase would give Nokia a strategic advantage in the development of 5G wireless technologies 151 152 The acquisition created a stronger competitor to the rival firms Ericsson and Huawei 153 whom Nokia and Alcatel Lucent had surpassed in terms of total combined revenue in 2014 Nokia shareholders hold 66 5 of the new combined company while Alcatel Lucent shareholders hold 33 5 The Bell Labs division was to be maintained but the Alcatel Lucent brand would be replaced by Nokia 150 154 In October 2015 following approval of the deal by China s Ministry of Commerce the merger awaited approval by French regulators 155 Despite the initial intent of selling the submarine cable division separately Alcatel Lucent later declared that it would not 156 The merger closed on 14 January 2016 157 but was not complete until 3 November 2016 From the acquisition Nokia is now also the owner of the Alcatel mobile phone brand which continues to be licensed to TCL Corporation On 3 August 2015 Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of BMW Daimler AG and Volkswagen Group for 2 8 billion 158 The deal closed on 3 December 2015 159 2016 2019 Edit On 26 April 2016 Nokia announced its intent to acquire French connected health device maker Withings for US 191 million The company was integrated into a new Digital Health unit of Nokia Technologies 160 161 Nokia later wrote off the cost of the acquisition and in May 2018 the health unit was sold back to Eric Carreel a Withings co founder and former CEO 162 2017 Nokia 6 On 18 May 2016 Microsoft Mobile sold its Nokia branded feature phone business to HMD Global a new company founded by former Nokia executive Jean Francois Baril and an associated factory in Vietnam to Foxconn s FIH Mobile subsidiary Nokia subsequently entered into a long term licensing deal to make HMD the exclusive manufacturer of Nokia branded phones and tablets outside Japan operating in conjunction with Foxconn The deal also granted HMD the right to essential patents and featurephone software HMD subsequently announced the Android based Nokia 6 smartphone in January 2017 163 164 At Mobile World Congress HMD additionally unveiled the Nokia 3 and Nokia 5 smartphones as well as a re imagining of Nokia s classic 3310 feature phone 165 166 Nokia has direct investments in the company 167 and they do have some input in the new devices On 28 June 2016 Nokia demonstrated for the first time a 5G ready network 168 In February 2017 Nokia carried out a 5G connection in Oulu Finland using the 5GTF standard backed by Verizon on Intel architecture based equipment 169 In July 2017 Nokia and Xiaomi announced that they have signed a business collaboration agreement and a multi year patent agreement including a cross license to each company s cellular standard essential patents 170 In that year Nokia s brand value was ranked 188th by Brand Finance a jump of 147 places from 2016 Its rise was attributed to its health portfolio and new mobile phones developed by HMD Global 171 In January 2018 Nokia signed a deal with NTT Docomo Japan s largest mobile operator to provide 5G wireless radio base stations in the country by 2020 172 Later that month Nokia announced the ReefShark line of 5G chipsets claiming that it triples bandwidth to 84 Gbit s 173 In March Solidium the investment arm of the Finnish government purchased a 3 3 stake in Nokia valued at 844 million 174 In May Nokia announced that it had acquired a California based IoT startup SpaceTime Insight 175 In January 2019 the Canadian government announced that it would provide 40 million to support Nokia s research on 5G technology 176 A 2019 study revealed that Nokia phones performed far better than rivals Samsung LG Xiaomi and Huawei in updating to the latest version of Android The study made by Counterpoint Research found that 96 percent of Nokia phones were either sent with or updated to the latest Android version since Pie was released in 2018 Nokia s competitors were found to be all around roughly the 80 percent range 177 2020 present Edit On March 2 2020 Nokia announced Pekka Lundmark as its new CEO 178 Later that month Nokia completed the acquisition of Elenion Technologies a U S based company focusing on silicon photonics technology to improve economics of advanced optical connectivity products 179 On May 27 2020 Sari Baldauf succeeded Risto Siilasmaa as chairwoman of the board of directors and Kari Stadigh was appointed vice chair In June Nokia won a 5G contract worth approximately 450 million 180 from Taiwan Mobile to build out the telecom operator s next generation network as the sole supplier 181 In October Nokia announced a contract with NASA to build a 4G mobile network for astronaut usage on the moon The 14 1 million contract through subsidiary Bell Labs was expected to begin in 2022 182 183 184 In 2020 Flipkart collaborated with Nokia to market Nokia branded consumer products in India These included televisions a laptop and a range of air conditioners 185 In April 2022 Nokia announced that it would exit the Russian market following the country s invasion of Ukraine The company stated that the decision would not affect its financial outlook as Russia accounted for less than 2 of Nokia s net sales in 2021 186 In February 2023 Nokia introduced a new logo for the first time in nearly 60 years 187 to change its brand identity as people still associated the previous logo with mobile phones 188 The new logo was designed by Lippincott 189 Current operations EditNokia is a julkinen osakeyhtio public joint stock company listed on the Nasdaq Nordic Helsinki and New York stock exchanges 7 Nokia has played a very large role in the economy of Finland 190 191 and it is an important employer in the country working with multiple local partners and subcontractors 192 Nokia contributed 1 6 to Finland s GDP and accounted for about 16 of the country s exports in 2006 193 Nokia comprises two business groups along with further subsidiaries and affiliated firms Nokia Networks Edit Main article Nokia Networks Inside the Nokia Networks office in Munich Germany Nokia Networks is Nokia Corporation s largest division It is a multinational data networking and telecommunications equipment company headquartered in Espoo Finland and is the world s third largest telecoms equipment manufacturer measured by 2017 revenues after Huawei and Cisco In the USA it competes with Ericsson on building 5G networks for operators while Huawei Technologies and ZTE Corporation were effectively banned 194 It has operations in around 150 countries 195 Nokia Networks provides wireless and fixed network infrastructure communications and networks service platforms and professional services to operators and service providers 196 It focuses on GSM EDGE 3G W CDMA LTE and WiMAX radio access networks supporting core networks with increasing IP and multiaccess capabilities and services The Nokia Siemens Networks NSN brand identity was launched at the 3GSM World Congress in Barcelona in February 2007 as a joint venture between Nokia 50 1 and Siemens 49 9 197 although it is now wholly owned by Nokia In July 2013 Nokia bought back all shares in Nokia Siemens Networks for a sum of US 2 21 billion and renamed it to Nokia Solutions and Networks shortly thereafter changed to simply Nokia Networks 198 Nokia Technologies Edit Nokia office building in Tampere Finland Nokia Technologies is a division of Nokia that develops consumer products and licenses technology including the Nokia brand 199 Its focuses are imaging sensing wireless connectivity power management and materials and other areas such as the IP licensing program It consists of three labs Radio Systems Lab in areas of radio access wireless local connectivity and radio implementation Media Technologies Lab in areas of multimedia and interaction and Sensor and Material Technologies Lab in areas of advanced sensing solutions interaction methods nanotechnologies and quantum technologies Nokia Technologies also provides public participation in its development through the Invent with Nokia program 200 It was created in 2014 following a restructuring of Nokia Corporation In November 2014 Nokia Technologies launched its first product the Nokia N1 tablet computer 201 In July 2015 Nokia Technologies introduced a VR camera called OZO designed for professional content creators and developed in Tampere Finland With its 8 synchronized shutter sensors and 8 microphones the product can capture stereoscopic 3D video and spatial audio 202 203 On 31 August 2016 Ramzi Haidamus announced he would be stepping down from his position as president of Nokia Technologies 204 Brad Rodrigues previously head of strategy and business development assumed the role of interim president 205 On 30 June 2017 Gregory Lee previously CEO of Samsung Electronics in North America was appointed Nokia Technologies CEO and president 206 Nokia Bell Labs Edit Main article Bell Labs Nokia Bell Labs is a research and scientific development firm that was once the R amp D arm of the American Bell System It became a subsidiary of Nokia Corporation after the takeover of Alcatel Lucent in 2016 NGP Capital Edit NGP Capital formerly Nokia Growth Partners is a global venture capital firm focusing on investments in the growth stage Internet of things IoT and mobile technology companies 207 NGP holds investments throughout the U S Europe China and India Their portfolio consists of companies in mobile technology including the sectors Connected Enterprise Digital Health Consumer IoT and Connected Car Following a 350 million funding for IoT companies in 2016 NGP manages 1 billion worth of assets 208 Nokia had previously promoted innovation through venture sponsorships dating back to 1998 with Nokia Venture Partners which was renamed BlueRun Ventures and spun off in 2005 209 Nokia Growth Partners NGP was founded in 2005 as a growth stage venture fund as a continuation of the early successes of Nokia Venture Partners In 2017 the company was renamed to NGP Capital 210 NGP s largest exits include GanJi UCWeb Whistle Rocket Fuel Swype Summit Microelectronics and Netmagic Nuage Networks Edit Nuage Networks is a venture providing software defined networking solutions It was formed by Alcatel Lucent in 2013 to develop a software overlay for automating and orchestrating hybrid clouds 211 It has been part of Nokia following their acquisition of Alcatel Lucent in 2016 212 Throughout 2017 Nuage sealed deals with Vodafone and Telefonica to provide its SD WAN architecture to their servers 213 214 BT had already been a client since 2016 215 A deal with China Mobile in January 2017 also used Nuage s software defined networking technology for 2 000 public cloud servers at existing data centers in China 216 and another in October 2017 with China Pacific Insurance Company 217 The company is based in Mountain View California and the CEO is Sunil Khandekar 218 Alcatel Mobile Edit Main article Alcatel Mobile Alcatel Mobile is a mobile phone brand owned by Nokia since 2016 It has been licensed since 2005 to Chinese company TCL when it was under the ownership of Alcatel later Alcatel Lucent in a contract until 2024 HMD Global Edit Main article HMD Global HMD Global is a mobile phone company based in Espoo Finland The Nokia brand has been licensed by former Nokia employees who founded HMD Global and introduced Nokia branded Android based devices to the market in 2017 219 Nokia has no investment in the company but retains some input in the development of its devices 220 Nokia has 10 10 ownership in HMD Global after investing alongside Qualcomm and Google in 2020 In the 2020 financial report FIH Mobile disclosed they have a 14 38 ownership in HMD Global Finnish Nokia owns 10 10 of HMD Global while other investors include Google Qualcomm and others with an undisclosed share in HMD Alcatel Submarine Networks Edit Alcatel Submarine Networks ASN is a provider of turnkey undersea network solutions The business unit develops technology and offers installation services for optical submarine cable network links across the world s oceans 221 222 Corporate affairs EditCorporate governance Edit The control and management of Nokia is divided among the shareholders at a general meeting and the Nokia Group Leadership Team left 223 under the direction of the board of directors right 224 The chairman and the rest of the Nokia Leadership Team members are appointed by the board of directors Only the chairman of the Nokia Leadership Team can belong to both the board of directors and the Nokia Group Leadership Team The Board of Directors committees consist of the Audit Committee 225 the Personnel Committee 226 and the Corporate Governance and Nomination Committee 227 228 The operations of the company are managed within the framework set by the Finnish Companies Act 229 Nokia s Articles of Association 230 and Corporate Governance Guidelines 231 supplemented by the board of directors adopted charters On 25 November 2019 Nokia announced that it would discontinue the role of Chief Operating Officer COO and distribute its functions to other company leaders As a result Chief Operating Officer Joerg Erlemeier decided to step down effective 1 January 2020 232 Former corporate officers Edit Chief executive officers Chairpersons of the board of directors 233 Name Tenure Name TenureBjorn Westerlund 1967 1977 Lauri J Kivekas 1967 1977Kari Kairamo 1977 1988 Bjorn Westerlund 1977 1979Mika Tiivola 1979 1986Kari Kairamo 1986 1988Simo Vuorilehto 1988 1992 Simo Vuorilehto 1988 1990Mika Tiivola 1990 1992Jorma Ollila 1992 2006 Casimir Ehrnrooth 1992 1999Olli Pekka Kallasvuo 2006 2010 Jorma Ollila 1999 2012Stephen Elop 2010 2014Rajeev Suri 2014 2020 Risto Siilasmaa 2012 2020Pekka Lundmark Aug 2020 Sari Baldauf 2020 currentStock Edit Nokia is a public limited liability company and is the oldest company listed under the same name on the Helsinki Stock Exchange beginning in 1915 234 Nokia has had a secondary listing on the New York Stock Exchange since 1994 7 234 Nokia shares were delisted from the London Stock Exchange in 2003 the Paris Stock Exchange in 2004 the Stockholm Stock Exchange in 2007 and the Frankfurt Stock Exchange in 2012 235 Due to the acquisition of Alcatel Lucent in 2015 Nokia listed its shares again on the Paris Stock Exchange and was included in the CAC 40 index on 6 January 2016 236 but later removed on 18 September 2017 237 In 2007 Nokia had a market capitalization of 110 billion by 17 July 2012 this had fallen to 6 28 billion and by 23 February 2015 it increased to 26 07 billion Nokia market cap at 2020 was 21 76 billion Corporate culture Edit Nokia s official corporate culture manifesto since the 1990s is called The Nokia Way 238 It emphasizes the speed and flexibility of decision making in a flat networked organization 239 The official business language of Nokia is English All documentation is written in English and is used in official intra company communication In 1992 Nokia adopted values that were defined with the key words respect achievement renewal and challenge 240 In May 2007 the company redefined its values after initiating a series of discussion across its worldwide branches regarding what the new values of the company should be Based on the employee suggestions the new values were defined as Engaging You Achieving Together Passion for Innovation and Very Human 239 In August 2014 Nokia redefined its values again after the sale of its Devices business using the original 1992 values again Headquarters Edit The former Nokia House Nokia s head office until April 2014 The building is located by the Gulf of Finland in Keilaniemi Espoo and was constructed between 1995 and 1997 It was the workplace of more than 1 000 Nokia employees 234 Nokia are based at Karaportti in Espoo Finland just outside capital Helsinki It has been their head office since 2014 after moving from the purpose built Nokia House in Espoo as part of the sale of the mobile phone business to Microsoft 241 The building in Karaportti was previously the headquarters of NSN now Nokia Networks 242 Awards and recognition EditIn 2018 Nokia received the Leading Lights award for most innovative cable video product 243 and was named to Ethisphere s 2018 world s most ethical companies list 244 Logo history Edit Nokia Osakeyhtio logo 1865 245 Nokia Osakeyhtio logo 1965 246 Finnish Rubber Works Suomen Kumitehdas logo 1965 1986 Nokia Arrows logo after merging with the Cable Factory Kaapelitehdas and Finnish Rubber Works 1966 1992 Used in advertising and products until c 1997 Nokia introduced its Connecting People advertising slogan in 1992 coined by Ove Strandberg 247 248 New slogan typeface Nokia Sans font introduced in 2005 Nokia Sans had been used by Nokia in products since 2002 249 Wordmark only version in 2007 the company stopped using a slogan within its logo in 2011 currently used on Nokia branded consumer devices including HMD Global produced phones 250 Current logo since 2023 History of Nokia s corporate typefaceControversies EditNSN s provision of intercept capability to Iran Edit In 2008 Nokia Siemens Networks a joint venture between Nokia and Siemens AG reportedly provided Iran s monopoly telecom company with technology that allowed it to intercept the Internet communications of its citizens 251 The technology reportedly allowed Iran to use deep packet inspection to read and change the content of emails social media and online phone calls The technology enables authorities to not only block communication but to monitor it to gather information about individuals as well as alter it for disinformation purposes 252 During the post election protests in Iran in June 2009 Iran s Internet access was reported to have slowed to less than a tenth of its normal speeds which experts suspected was due to using of deep packet inspection 253 In July 2009 Nokia began to experience a boycott of their products and services in Iran The boycott was led by consumers sympathetic to the post election protest movement and targeted companies deemed to be collaborating with the regime Demand for handsets fell and users began shunning SMS messaging 254 Nokia Siemens Networks asserted in a press release that it provided Iran only with a lawful intercept capability solely for monitoring of local voice calls and that it has not provided any deep packet inspection web censorship or Internet filtering capability to Iran 255 Lex Nokia Edit In 2009 Nokia heavily supported a law in Finland that allows companies to monitor their employees electronic communications in cases of suspected information leaking 256 Nokia denied rumors that the company had considered moving its head office out of Finland if laws on electronic surveillance were not changed 257 The Finnish media dubbed the law Lex Nokia because it was implemented as a result of Nokia s pressure The law was enacted but with strict requirements for the implementation of its provisions No company had used its provisions prior to 25 February 2013 when the Office of Data Protection Ombudsman confirmed that city of Hameenlinna had recently given the required notice 258 Nokia Apple patent dispute Edit In October 2009 Nokia filed a lawsuit against Apple Inc in the U S District Court of Delaware claiming that Apple infringed on 10 of its patents related to wireless communication including data transfer 259 Apple was quick to respond with a countersuit filed in December 2009 accusing Nokia of 11 patent infringements Apple s general counsel Bruce Sewell went a step further by stating Other companies must compete with us by inventing their own technologies not just by stealing ours This resulted in a legal battle between the two telecom majors with Nokia filing another suit this time with the U S International Trade Commission ITC alleging Apple had infringed its patents in virtually all of its mobile phones portable music players and computers 260 Nokia went on to ask the court to ban all U S imports of the Apple products including the iPhone Macintosh and iPod Apple countersued by filing a complaint with the ITC in January 2010 259 In June 2011 Apple settled with Nokia and agreed to an estimated one time payment of 600 million and royalties to Nokia 261 The two companies also agreed on a cross licensing patents for some of their patented technologies 262 263 Alleged tax evasion in India Edit Nokia s Indian subsidiary was charged in January 2013 with non payment of Indian Tax Deducted at Source and transgressing transfer pricing norms in India 264 The unpaid TDS of 30 billion accrued during a course of six years was due to royalty paid by the Indian subsidiary to its parent company 265 Nokia 7 Plus data breach Edit In March 2019 news broke that the company s Nokia 7 Plus phones were allegedly sending personal user data to China over several months According to investigators the gadget sent unencrypted data packages including geographical location SIM card number and the phone s serial number to an unidentified Chinese server every time that the phone was turned on the screen activated or unlocked 266 The data was sufficient to follow the movements and actions of the phone in real time 266 Nokia brand owner HMD Global denied any such transfers had taken place stating that it was instead the result of an error in the packing process of the phone s software 267 The Finnish Office of the Data Protection Ombudsman launched an investigation into the matter on the assumption that personal data has been transferred 268 Xinjiang region Edit In 2020 the Australian Strategic Policy Institute accused at least 82 major brands including Nokia of being connected to forced Uyghur labor in Xinjiang 269 See also Edit Companies portal Telecommunication portal Finland portalNokia Networks Nokia a town in Pirkanmaa Finland Nokia Arena Nokian Tyres History of Nokia Jolla a company started by former Nokia employees which develops Linux Sailfish OS a continuation of Linux MeeGo OS Twig Com originally Benefon formerly a mobile phone manufacturer started by former Nokia people now a maker of personal safety and GPS tracking products Microsoft Mobile the rebranding of Nokia s Device and Services division after its acquisition by Microsoft HMD Global the post Microsoft continuation of Android based Nokia devicesNotes Edit UK ˈ n ɒ k i e US ˈ n oʊ k i e Finnish ˈnokiɑ References Edit Contact us Nokia Retrieved 17 September 2019 Nokia Annual Report 2022 Form 20 F U S Securities and Exchange Commission 2 March 2023 a b Nokia in Finnish YTJ fi Archived from the original on 10 May 2013 Retrieved 2 March 2013 a b Report for Q4 and Full Year 2018 PDF Nokia Corporation 21 March 2019 Archived from the original PDF on 27 May 2019 Retrieved 28 May 2019 a b c HS Nokian juuret ovat Tammerkosken rannalla in Finnish Morris Iain Nokia has cut 11 000 jobs in effort to boost profit Light Reading a b c Nokia FAQ Nokia Corporation Archived from the original on 8 February 2009 Retrieved 16 March 2009 Fortune Global 500 100 2009 Fortune Ranking The Brands Rankingthebrands com Retrieved 28 March 2019 Global 500 2016 Fortune 2017 Retrieved 24 August 2017 Euro Stoxx 50 Boerse frankfurt de Retrieved 24 August 2017 a b This is the new Nokia The Verge 18 November 2014 Retrieved 23 November 2014 Full Text Nokia CEO Stephen Elop s Burning Platform Memo The Wall Street Journal 9 February 2011 Archived from the original on 11 February 2011 Sampsa Kurri 11 October 2012 The story of Nokia MeeGo archived from the original on 16 October 2012 Thom Holwerda 11 October 2012 The story of Nokia s Maemo and MeeGo OS News Microsoft buys Nokia s Devices and Services Unit unites Windows Phone 8 and its hardware maker The Verge 2 September 2013 Retrieved 3 September 2013 Ovide Shira Microsoft in 7 17 Billion Deal for Nokia Cellphone Business Wall Street Journal Retrieved 3 September 2013 Microsoft closes Nokia deal pays more than expected CNET Coupland Douglas The Ghost of Invention A Visit to Bell Labs Wired How Nokia reinvented itself CNNMoney Switzerland Archived from the original on 24 October 2018 Retrieved 28 March 2019 Nokia celebrates first day of combined operations with Alcatel Lucent Nokia Archived from the original on 16 January 2016 Retrieved 15 January 2016 Nokia plans to acquire Withings to accelerate entry into Digital Health 26 April 2016 Archived from the original on 19 May 2016 Retrieved 1 June 2016 Best Jo Mobile phones are our history not our future Nokia on where next for hardware Zdnet com Retrieved 28 March 2019 Scott Barr Chris 18 May 2016 Microsoft sells Nokia brand use to Foxconn and HMD global SlashGear Retrieved 16 May 2017 Nokia s key to success A strong portfolio combined with aggressive licensing Filing Analytics Filinganalytics io Retrieved 28 March 2019 Ericsson Samsung gain share in network gear as ZTE slumps Uk reuters com 23 August 2018 Retrieved 28 March 2019 Vilpponen Antti 4 September 2013 Nokia Finland mourns the demise of its proud tech heritage The Guardian Kelly Gordon Finland and Nokia an affair to remember Wired UK Bloomberg 4 September 2013 Finland mourns loss of national icon Nokia Start01 Gasmasklexikon com Retrieved 23 November 2016 U S Threatened to Block Finnish Arms Deal Over High Tech Exports in 1980 s Yle Uutiset 3 January 2009 Reuters 21 January 1988 COMPANY NEWS Nokia Oy Buys Stake in Ericsson The New York Times ISSN 0362 4331 Retrieved 14 August 2017 a href Template Cite news html title Template Cite news cite news a last has generic name help Nokia s Secret Code Perhaps the least hierarchical big company in the world Nokia has been winning big in wireless But its Finnish recipe for innovation is about to be put to the test May 1 2000 Archive fortune com Nokia s Pioneering GSM Research and Development to be Awarded by Eduard Rhein Foundation Nokia Nokia Announces Heads of Agreement to Sell Its Remaining Television Business Nokia Nokia Announces Final Sale of its Television Manufacturing Business Nokia Nokia First to Launch Digital Satellite Receiver in The UK Nokia Nokia launches the World s first Digital IRD With Common Interface Nokia Nokia is chosen supplier to British Digital Broadcasting Nokia Nokia to invest about FIM 1 billion in mobile phone production in Bochum Germany Nokia Nokia manufactures its 100 millionth mobile 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Ecosystem The Rise and Fall of the Symbian Platform Emerald Group Publishing p 35 ISBN 978 1 78190 826 6 Modine Austin 31 October 2008 Nokia s Trolltech Qt Software previews cross platform IDE The Register Retrieved 28 March 2019 Halliday Josh agencies 9 August 2012 Nokia sells its Qt software business Theguardian com Retrieved 28 March 2019 a b Andrew Orlowski 2 August 2011 Nokia ditches letters for all number names The Register Retrieved 28 March 2019 Nokia N8 Connect Create Entertain Nokia Nokia delays flagship N8 again Reuters com 21 September 2010 Wearden Graeme 10 September 2010 Nokia replaces Kallasvuo with Microsoft s Elop The Guardian Nokia s new chief commits to Finnish culture Financial Times 12 September 2010 Archived from the original on 10 December 2022 Retrieved 28 March 2019 Nokia Board Chair Jorma Ollila reveals plans to step down in 2012 SlashGear com 13 September 2010 Retrieved 28 March 2019 Nokia pays big bucks for Elop Former Microsoft executive receives 6M signing 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October 2007 Retrieved 21 March 2009 Ali Yrkko Jyrki 2010 NOKIA AND FINLAND IN A SEA OF CHANGE PDF ETLA Research Institute of the Finnish Economy Archived from the original PDF on 25 April 2012 Retrieved 12 November 2011 Trump team idea to nationalize 5G network to counter China is rejected Reuters 29 January 2018 The rules for 5G networks are still being worked out by industry players The work has been complicated by an effective ban in the United States on two of the largest firms Chinese suppliers Huawei Technologies Co Ltd HWT UL and ZTE Corp since a 2012 investigation over links to potential Chinese spying something the companies have denied Nokia Siemens Networks Fact Sheet PDF Nokia Siemens Networks Archived from the original PDF on 18 July 2007 Retrieved 9 July 2007 Structure Nokia Corporation 1 October 2009 Archived from the original on 8 October 2009 Retrieved 28 December 2009 The Wave of the Future Brand New Opinions on Corporate and Brand Identity Work UnderConsideration 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Institute Announces 135 Companies Honored as World s Most Ethical Companies Ethisphere Institute Retrieved 30 May 2018 21 Logo Evolutions of the World s Well Known Logo Designs BoredPanda Retrieved 30 November 2015 Bonsdorff Lars G von 1965 Nokia Osakeyhtio 1865 1965 Nokia Osakeyhtio Nokia Aktiebolag HS Archives Helsingin Sanomat in Finnish 1 June 2003 Retrieved 14 May 2008 NOKIA Connecting People 1992 Vector Logo AI EPS HDicon com Retrieved 17 October 2010 NOKIA Connecting People new Vector Logo AI EPS HDicon com Retrieved 17 October 2010 Nokia unveils new logo amp strategy Classic logo for Nokia branded phones amp other devices Nokiapoweruser 27 February 2023 Cellan Jones Rory 22 June 2009 Hi tech helps Iranian monitoring BBC News Retrieved 14 July 2009 Iran s Web Spying Aided By Western Technology YaleGlobal Online Retrieved 22 May 2017 Rhoads Christopher Chao Loretta 22 June 2009 Iran s Web Spying Aided By Western Technology The Wall Street Journal Dow Jones amp Company Inc pp A1 Retrieved 14 July 2009 Kamali Dehghan Saeed 14 July 2009 Iranian consumers boycott Nokia for collaboration The Guardian London Retrieved 27 July 2009 Provision of Lawful Intercept capability in Iran Press release Nokia Siemens Networks 22 June 2009 Archived from the original on 25 June 2009 Retrieved 14 July 2009 Ozimek John 6 March 2009 Lex Nokia company snoop law passes in Finland The Register Retrieved 27 July 2009 Nokia Denies Threat to Leave Finland cellular news 1 February 2009 Retrieved 27 July 2009 Lex Nokian kaytosta ilmoitettiin ensimmaista kertaa Lex Nokia Talous Helsingin Sanomat a b Virki Tarmo 18 January 2010 SCENARIOS What lies ahead in Nokia vs Apple legal battle Reuters Retrieved 25 January 2010 The war of the Smartphones Nokia s new patent suit against Apple Snartphone Reviews 6 January 2010 Archived from the original on 9 July 2015 Retrieved 25 January 2010 Nokia s Patent Settlement With Apple Won t Help Much 14 June 2011 Retrieved 29 June 2011 Smith Catharine 14 June 2011 Apple Settles With Nokia in Patent Lawsuit The Huffington Post Retrieved 29 June 2011 ben Aaron Diana Pohjanpalo Kati 14 June 2011 Nokia Wins Apple Patent License Deal Cash Settles Lawsuits Bloomberg L P Retrieved 29 June 2011 Income Tax department asks Nokia to pay Rs 13 000 crore Economic Times 31 January 2013 Retrieved 31 January 2013 T E Raja Simhan 16 January 2013 Nokia tax case IT officials grill Price Waterhouse Business Line Chennai Retrieved 31 January 2013 Nokia suspected of flouting transfer pricing rules too Business Line Retrieved 31 January 2013 a b Norske telefoner sendte personopplysninger til Kina NRKbeta Retrieved 18 September 2020 Ranosa Ted 25 March 2019 Nokia Says It Mistakenly Collected And Sent User Data To China Tech Times Retrieved 18 September 2020 Finland investigating Nokia for alleged GDPR violations TechSpot Retrieved 18 September 2020 Xu Vicky Xiuzhong Cave Danielle Leibold James Munro Kelsey Ruser Nathan 1 March 2020 Uyghurs for Sale Australian Strategic Policy Institute Retrieved 21 March 2022 Further reading EditDavid J Cord April 2014 The Decline and Fall of Nokia Schildts amp Soderstroms ISBN 978 951 52 3320 2 Yves Doz Keeley Wilson November 2017 Ringtone Exploring the Rise and Fall of Nokia in Mobile Phones Oxford University Press ISBN 978 0 19 877719 9 Martti Haikio October 2002 Nokia The Inside Story FT Prentice Hall ISBN 0 273 65983 9 Michael Lattanzi Antti Korhonen Vishy Gopalakrishnan January 2006 Work Goes Mobile Nokia s Lessons from the Leading Edge John Wiley amp Sons ISBN 0 470 02752 5 Christian Lindholm Turkka Keinonen Harri Kiljander June 2003 Mobile Usability How Nokia Changed the Face of the Mobile Phone McGraw Hill Companies ISBN 0 07 138514 2 Trevor Merriden February 2001 Business The Nokia Way Secrets of the World s Fastest Moving Company John Wiley amp Sons ISBN 1 84112 104 5 Dan Steinbock April 2001 The Nokia Revolution The Story of an Extraordinary Company That Transformed an Industry AMACOM Books ISBN 0 8144 0636 X Dan Steinbock May 2010 Winning Across Global Markets How Nokia Creates Strategic Advantage in a Fast Changing World Jossey Bass Wiley ISBN 978 0 470 33966 4 Risto Siilasmaa October 2018 Transforming NOKIA The Power of Paranoid Optimism to Lead Through Colossal Change McGraw Hill Professional ISBN 978 1 260 12873 4 External links EditOfficial website Business data for Nokia BloombergGoogleReutersSEC filingsYahoo Nokia at Wikipedia s sister projects Definitions from Wiktionary Media from Commons News from Wikinews Quotations from Wikiquote Texts from Wikisource Textbooks from Wikibooks Resources from Wikiversity Retrieved from https en wikipedia org w index php title Nokia amp oldid 1145581789, wikipedia, wiki, book, books, library,

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