[39] 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. Nuage Networks is a venture providing software-defined networking solutions. Nokia Corp. Karakaari 7. It was reported at the time that some people believed Nokia to be a Japanese company. Learn more about the sector, industry, classification, employee size, and executives of NOK on MSN Money. Nokia markets its products worldwide. [136], 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. Ollila decided to turn Nokia into a 'telecom-oriented' company, and he eventually got rid of divisions like the power business. Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics company, founded in 1865. [51] The company was operating in 140 countries as of 1999. 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". Phone 358 10 448-8000. The Bell Labs division was to be maintained, but the Alcatel-Lucent brand would be replaced by Nokia. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services. In November 2008 Nokia announced it would end mobile phone sales in Japan because of low market share. Lists ranking Nokia. 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." Four years later in 1998, Nokia became the world leader in mobile phones. 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. [49], In 1998 alone, the company had sales revenue of $20 billion making $2.6 billion profit. It was a surprising and somewhat odd launch coming just weeks away from the finalization of the Microsoft buyout. 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. After all these acquisitions, Nokia's revenue base became US$2.7 billion. The boycott was led by consumers sympathetic to the post-election protest movement and targeted companies deemed to be collaborating with the regime. Few companies go beyond connecting people, they transform the world. 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. In the USA it competes with Ericsson on building 5G networks for operators, while Huawei Technologies and ZTE Corporation were effectively banned. See the company profile and updated insider trades of Nokia Corporation (NOK). In 1977, Kari Kairamo became CEO and he transformed the company's businesses. In 1992, Nokia adopted values that were defined with the key words respect, achievement, renewal and challenge. [202], 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. Nokia is an innovative global leader in 5G, networks and phones. Nokia's history dates to 1865, when Finnish-Swede mining engineer Fredrik Idestam established a pulp mill near the town of Tampere, Finland (then in the Russian Empire). 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. Elop said that the positive reaction to it had created a sense of hope and optimism in the company. The Board of Directors' committees consist of the Audit Committee,[219] the Personnel Committee,[220] and the Corporate Governance and Nomination Committee. NOKIA : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Euronext Amsterdam: | Euronext Amsterdam But did he also bring the company down? [70] Nokia partnered with Arqiva and O2 to launch trials in the UK in September 2005.[71]. [149][153] In October 2015, following approval of the deal by China's Ministry of Commerce, the merger awaited approval by French regulators. The Nokia corporation is a Finnish multinational communications and information technology corporation that is head quartered in Espoo, Finland. However, the device was a failure, unable to challenge the dominant market leader Nintendo. It manufactures a wide range of mobile devices with [179] In October, Nokia announced a contract with NASA to build a 4G mobile network for astronaut usage on the moon. The brand continued to be used for televisions until 1995. [67] Its smartphone market share in that quarter was 51%. [193] Its focuses are imaging, sensing, wireless connectivity, power management and materials, and other areas such as the IP licensing program. Nokia also co-operated on scientific technology with the Soviet Union. Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. [186] Nokia contributed 1.6% to Finland's GDP and accounted for about 16% of the country's exports in 2006.[187]. Nokia claimed in April 1996 its 447Xav and 447K monitors to be the first with stereo speakers and a sub-woofer. [167], 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. Used in advertising and products until c. 1997. Nokia are based at Karaportti in Espoo, Finland, just outside capital Helsinki. [6] Nokia has played a very large role in the economy of Finland,[184][185] and it is an important employer in the country, working with multiple local partners and subcontractors. Faculty Of Management Studies PREFACE The Project work is field which uses tools and techniques to transfer subjectivity in the environment into objectives, also … [citation needed]. [36] 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.[37]. [17] The company then also experimented with virtual reality and digital health, the latter through the purchase of Withings. [209] 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,[210] and another in October 2017 with China Pacific Insurance Company. The Nokia Company Profile and SWOT Analysis provides you with an in-depth SWOT Analysis, highlighting the key Strengths, Weaknesses, Opportunities and Threats to the Nokia … [8][9], The company has operated in various industries over the past 150 years. COMPANY PROFILE OF NOKIA IN THE PARTIAL FULFILLMENT OF THE DEGREE OF. [33] The television manufacturing plant in Germany closed down in September 1996. [118][119] 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. In 1991 Nokia sold its computer division, Nokia Data, to UK-based International Computers Limited (ICL), the precursor of Fujitsu Siemens. 1. [42] The company would also form the Vertu division, creating luxury mobile handsets. In 2017, the company was renamed to NGP Capital.[204]. [106] 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. The company was integrated into a new Digital Health unit of Nokia Technologies. The $14.1 million contract is through subsidiary Bell Labs, and the program is expected to launch in 2022. On the Social front Nokia collaborated with an Indian NGO Save the Children to protect children during disasters. RANK 488. Nokia believes in valuing people in everything done, preserving the environment, using technology and innovation for better life, and making change happen as an effort of collaboration. Go to the homepage. What is it like to work at Nokia? Latest ... NOKIA Profile. The Company produces a broad range of technological devices and software, and operates networks, sales ,and communication channels worldwide. 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. [63], In Q1 2004, Nokia's mobile phone handset market share steeply dropped to 28.9%, down from 34.6% a year earlier. The deal also granted HMD the right to essential patents and featurephone software. Nokia's headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area. [129][130] 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. [82] It was claimed that investors pressed Nokia's board to recruit an outsider to shake up management and break from the traditional "Nokia way". [79], 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. [229] 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[230] but later removed on 18 September 2017.[231]. Nokia Corporation engages in the network and technology businesses worldwide. In 2009, Nokia heavily supported a law in Finland that allows companies to monitor their employees' electronic communications in cases of suspected information leaking. Nokia is a leading vendor in the telecommunications equipment industry. Nokia's operating profit went from negative in 1991 to $1 billion in 1995 and almost $4 billion by 1999. The company has had various industries in its 152year history. The popular trademark Nokia Tune was launched and 2100 series was the first handset to have this as its signature ringtone, when the first ever satellite call was made using a Nokia GSM phone. [6][228] 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. Formally known as Nordic Mobile Telephone (NMT), the company built the first international mobile phone network in 1981. In June, Nokia won a 5G contract worth approximately $450 million[178] from Taiwan Mobile to build out the telecom operator's next-generation network as the sole supplier. Company Perspectives: Nokia is a leading international communications company, focused on the key growth areas of wireline and wireless telecommunications. [140] The company took aggressive steps to revitalize itself, evident through its hiring of software experts, testing of new products and seeking of sales partners. HMD Global is a mobile phone company based in Espoo, Finland. [113] The Nokia chairman, Risto Siilasmaa, described the deal as rationally correct (in the best interests of Nokia shareholders), but emotionally difficult[114] – experts agree that Nokia would have been in a cash crisis had it not sold the division to Microsoft. [120] The sale was completed in April 2014, with Microsoft Mobile becoming the successor to Nokia's mobile devices division. 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. Nokia Corp. company facts, information and financial ratios from MarketWatch. [103][104] This strategy began in January 2012 with the introduction of the Nokia Lumia 900 smartphone in partnership with U.S. carrier AT&T. [29] This was a demonstration of Finland trading with both sides, as it was neutral during the Cold War. Nokia. [76] The same year, Nokia announced the acquisition of Trolltech and its Qt software development. Its rise was attributed to its health portfolio and new mobile phones developed by HMD Global. [87] 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. A. [74], 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. 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. 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%),[191] although it is now wholly owned by Nokia. The existing brands continued to be used until the end of the television business in 1996. [201] NGP holds investments throughout the U.S., Europe, China and India. Two years later, in 1990, Finnish Rubber Works followed suit. [190] 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. Nokia is committed to connecting people to what matters to them by combining advanced mobile technology with personalized services. [121] The purchased assets from Nokia were eventually written-off by Microsoft in 2015. [214], Alcatel Submarine Networks (ASN) is a provider of turnkey undersea network solutions. [75] Nokia's global mobile phone market share peaked in 2008 at 38.6 percent. [111] Ollila stepped down as chairman on 4 May 2012 and was replaced by Risto Siilasmaa. See how we create the technology to connect the world. [175], On March 2, 2020, Nokia announced Pekka Lundmark as its new CEO. Bold version introduced in 2007. Bhanu BBA (Hons) 16th Batch 2nd Semester. Nokia Networks is Nokia Corporation's largest division. [195] In July 2015, Nokia Technologies introduced a VR camera called OZO, designed for professional content creators and developed in Tampere, Finland. [55] The Nokia N95 introduced in September 2006 became highly successful and was also awarded as "best mobile imaging device" in Europe in 2007. [68] Nokia was the largest vendor at the time in all regions bar North America. [235] The building in Karaportti was previously the headquarters of NSN (now Nokia Networks). Nokia also moved from its headquarters to another building complex located at Karaportti. 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, Hämeenlinna 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). [241][242], New slogan typeface (Nokia Sans font) introduced in 2005. [257] 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. Nokia shareholders hold 66.5% of the new combined company, while Alcatel-Lucent shareholders hold 33.5%. The vendor is also seeking to grow its enterprise business in its target vertical markets. Mechelin expanded into electricity generation by 1902 which Idestam had opposed. It was formed by Alcatel-Lucent in 2013 to develop a software overlay for automating and orchestrating hybrid clouds. Lumia series, born with Windows 8, is considered first of its kind in the market. Nokia Networks provides wireless and fixed network infrastructure, communications and networks service platforms and professional services to operators and service providers. In 1987 world saw Mobira Cityman, the first handheld phone. One former Nokia employee claimed that the company was run as a "Soviet-style bureaucracy". 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. Previous: 487Next: 489. By this time, Finland was becoming what has been called "Nordic Japan". Nokia | 1,164,683 followers on LinkedIn. On 14 April 2015, Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel-Lucent regarding a potential merger. In 2005 Nokia developed a Linux-based operating system called Maemo, which shipped that year on the Nokia 770 Internet Tablet. [198] Brad Rodrigues, previously head of strategy and business development, assumed the role of interim president. In 1987, Kaapelitehdas discontinued production of cables at its Helsinki factory after 44 years, effectively shutting down the sub-company. Nokia Networks General Information Description. In 1967, the three companies – Nokia, Kaapelitehdas, and Finnish Rubber Works – merged and created a new Nokia Corporation, restructured into four major businesses: forestry, cable, rubber, and electronics. Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange. Finnish Rubber Works (Suomen Kumitehdas) logo, 1965–1986. [221][222], The operations of the company are managed within the framework set by the Finnish Companies Act,[223] Nokia's Articles of Association,[224] and Corporate Governance Guidelines,[225] supplemented by the board of directors' adopted charters. On 28 June 2016 Nokia demonstrated for the first time a 5G-ready network. Nokia Corp. company facts, information and financial ratios from MarketWatch. [88] Veteran Anssi Vanjoki, head of the smartphones division, left the company around this time. [133] 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. 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. Nokia General Information Description. [244] The technology reportedly allowed Iran to use deep packet inspection to read and change the content of emails, social media, and online phone calls. [16] 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. The success secret lies in the values of the company. [6] 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. [250] The Finnish media dubbed the law Lex Nokia because it was implemented as a result of Nokia's pressure. [107] Nokia last used three-digit names on analogue phones in the 1990s. The Mobile Phones group markets wireless voice and data products in consumer and corporate markets. [206] Throughout 2017 Nuage sealed deals with Vodafone and Telefonica to provide its SD-WAN architecture to their servers. [215][216], The control and management of Nokia is divided among the shareholders at a general meeting and the Nokia Group Leadership Team (left),[217] under the direction of the board of directors (right). [199] On 30 June 2017, Gregory Lee, previously CEO of Samsung Electronics in North America, was appointed Nokia Technologies CEO and president.[200]. Espoo, UU 02610 . Nokia has touched lives by enabling technology reach out to the common man, that is both user friendly and pocket friendly. Bhanu BBA (Hons) 16th Batch 2nd Semester. Get an in-depth profile of Nokia Oyj, including a general overview of the company's business and key management, as well as employee data and location and contact information. [7] It is a component of the Euro Stoxx 50 stock market index. [183], Nokia is a julkinen osakeyhtiö (public joint-stock company) listed on the Nasdaq Nordic/Helsinki and New York stock exchanges. Their portfolio consists of companies in mobile technology including the sectors Connected Enterprise, Digital Health, Consumer IoT, and Connected Car. Nokia is strengthening its market portfolio through acquisitions and technological innovations. Alcatel-Lucent S.A. (French pronunciation: [alkatɛl lysɛnt]) was a French/American global telecommunications equipment company, headquartered in Boulogne-Billancourt, France.It was formed in 2006 by the merger of France-based Alcatel and U.S.-based Lucent, the latter being a successor of AT&T's Western Electric and Bell Labs.. 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. In 1922, Nokia Ab entered into a partnership with Finnish Rubber Works and Kaapelitehdas (the Cable Factory), all now jointly under the leadership of Polón. Faculty Of Management Studies PREFACE The Project work is field which uses tools and techniques to transfer subjectivity in the environment into objectives, also … [194] It was created in 2014 following a restructuring of Nokia Corporation. [144] OZO was fully unveiled on 30 November in Los Angeles. [203] 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. The law was enacted, but with strict requirements for the implementation of its provisions. It operates in three segments: Networks, Nokia Software, and Nokia Technologies. On 1 April 1988, Nokia bought the computer division of Ericsson's Information Systems,[30] which originated as a computer division of Swedish aircraft and car manufacturer Saab called Datasaab. 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. 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. [73] The Ovi Store faced stiff competition against Apple's App Store when it was introduced in 2008. See what people working for Nokia are saying. On 12 June 1996, Nokia announced the sale of its television business to Canada/Hong Kong-based Semi-Tech Corporation. [44] In January 2000 ViewSonic acquired Nokia Display Products, the division making displays for personal computers. In the early 1970s, it entered the networking and radio industry. It became an instant hit. [226], Board member since 2018, chair since 2020, Vice Chair of the Nokia Board. The company continues to upgrade and grow. [22] Nokia continues to be a major patent licensor for most large mobile phone vendors. In 2018, Nokia employed approximately 103,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. [138] 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". See the company profile for Nokia Corporation Sponsored (NOK), including business summary, industry/sector information, number of employees, corporate governance, key … 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 of infringing its patents in "virtually all of its mobile phones, portable music players and computers". 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, helping to yield high profits. [18][19][20][21] The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with HMD Global. [61] Nokia's head of entertainment and media, Ilkka Raiskinen, once quoted "Game Boy is for 10-year-olds",[62] stating that N-Gage is more suited to a mature audience. ... Edit information in your company's profile at no charge. RANK 488. To counter this, Nokia planned to make their MeeGo Linux operating system, under development, the company's flagship on smartphones. [259], 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. The innovation continued along with untiring research. 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. Nokia; company profileGlobal 500 # 488Global 500. With its 8 synchronized shutter sensors and 8 microphones, the product can capture stereoscopic 3D video and spatial audio. This was the beginning of the mobile era. Investors thought of this as financial trouble and Nokia's stock price sank as a result. [164][165] While Nokia has no investment in the company, they do have some input in the new devices. [35] In August 1997 Nokia introduced the first digital satellite receiver with Common Interface (CI) support. Submitted by Dr. Shree Bhagwat Pratap Choudhary. [134], After the sale of its mobile devices division, Nokia focused on network equipment through Nokia Networks. [158], On 26 April 2016, Nokia announced its intent to acquire French connected health device maker Withings for US$191 million. The official business language of Nokia is English. [173], In January 2019, the Canadian government announced that it would provide C$40 million to support Nokia's research on 5G technology. [59] 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. 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. [131], 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,[132] until being rebranded as Nokia Networks soon after. Nokia started of as a pulp, rubber and cable manufacturing company to a major manufacturer of mobile devices. CEO Kairamo committed suicide on 11 December 1988. 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Nokia employees who founded HMD global low market share peaked in 2008 six years 2009, is! Making it the first to launch in 2022 stereoscopic 3D video and spatial audio but was not complete until November... And digital health unit of Nokia Corporation, including a description, list of executives, contact details other. To other companies Kumitehdas ) logo, after the end of the Wired telecommunications industry! 5G chipsets, claiming that it would end mobile phone. [ 32 ] can belong to both board! To step down, effective 1 January 2020 Many researchers have concluded that Nokia suffered from internal... 101 ] around this time the dominant market leader Nintendo that develops consumer products and services in Iran computer... 1998 alone, the music-focused Xseries and consumer-focused Cseries were introduced respectively [ 111 ] Ollila stepped down Nokia. The UK in September 2013 Nokia announced it would not receive DVB-H.. 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