Nokia
For other uses, see Nokia (disambiguation).
Nokia Corporation (commonly referred to as Nokia; UK: /ˈnɒkiə/, US: /ˈnoʊkiə/, Finnish: [ˈnokiɑ]) is a Finnish multinational telecommunications, information technology, and consumer electronics company, founded in 1865. Nokia's headquarters are in Espoo, in the greater Helsinki metropolitan area.[1] In 2017, Nokia employed approximately 102,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion.[2]Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange.[3] 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.[4] It is a component of the Euro Stoxx 50 stock market index.[5][6]
Logo since 1978
Main entrance of Nokia's headquarters in Espoo
Industry
Founded12 May 1865; 153 years ago in Tampere, Grand Duchy of FinlandFounders
Eduard Polón
Headquarters
,
Finland
Area served
Worldwide
Key people
Risto Siilasmaa (Chairman)
Rajeev Suri (President and CEO)
Kristian Pullola (CFO)
ProductsList of Nokia productsRevenue
€22.56 billion (2018)
€1.22 billion (2018)
–€340 million (2018)Total assets €39.51 billion (2018)Total equity €6.48 billion (2018)
Number of employees
102,761 (2018)Divisions
NGP Capital
Nuage Networks
Alcatel Submarine Networks
Websitewww.nokia.comFootnotes / references
[1][2]
The company has had various industries in over 150 years. It was founded as a pulp mill and had long been associated with rubber and cables, but since the 1990s focuses on large-scale telecommunications infrastructures, technology development, and licensing.[7] Nokia is a notable major contributor to the mobile telephony industry, having assisted in the development of the GSM, 3G and LTE standards (and currently in 5G), and is best known for having been the largest worldwide vendor of mobile phones and smartphones for a period. After a partnership with Microsoft and market struggles, its mobile phone business was eventually bought by the former,[8][9]creating Microsoft Mobile as its successor in 2014.[10]After the sale, Nokia began to focus more extensively on its telecommunications infrastructure business and on the Internet of things, marked by the divestiture of its Here mapping division and the acquisition of Alcatel-Lucent, including its Bell Labs research organization.[11] The company then also experimented[12] with virtual reality and digital health, the latter through the purchase of Withings.[13][14][15]The Nokia brand has since returned to the mobile and smartphone market through a licensing arrangement with HMD Global.[16] Nokia continues to be a major patent licensor for most large mobile phone vendors.[17] As of 2018 Nokia is the world's third largest network equipment manufacturer.[18]
The company was viewed with national pride by Finns, as its successful mobile phone business made it by far the largest worldwide company and brand from Finland.[19] At its peak in 2000, during the telecoms bubble, Nokia alone accounted for 4% of the country's GDP, 21% of total exports, and 70% of the Helsinki Stock Exchange market capital.[20][21]
History
Current operationsEdit
Nokia is a public limited-liability company listed on the Helsinki and New York stock exchanges.[3] Nokia has played a very large role in the economy of Finland,[172][173] and it is an important employer in the country, working with multiple local partners and subcontractors.[174] Nokia contributed 1.6% to Finland's GDP and accounted for about 16% of the country's exports in 2006.[175]
Nokia comprises two business groups along with further subsidiaries and affiliated firms.
Nokia NetworksEdit
Main article: Nokia Networks
View of 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 USA it competes with Ericsson on building 5G networks for operators, while Huawei Technologiesand ZTE Corporation were effectively banned.[176]
It has operations in around 150 countries.[177]
Nokia Networks provides wireless and fixed network infrastructure, communications and networks service platforms and professional services to operators and service providers.[178] 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%),[179] 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.[180]
Nokia TechnologiesEdit
Nokia Technologies is a division of Nokia that develops consumer products and licenses technology including the Nokia brand.[181] 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 Nokiaprogram.[182] 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.[183] In July 2015, Nokia Technologies introduced a VR cameracalled 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.[184][185]
On 31 August 2016, Ramzi Haidamus announced he would be stepping down from his position as president of Nokia Technologies.[186] Brad Rodrigues, previously head of strategy and business development, assumed the role of interim president.[187] On 30 June 2017, Gregory Lee, previously CEO of Samsung Electronics in North America, was appointed Nokia Technologies CEO and president.[188]
Nokia Bell LabsEdit
Main article: 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 CapitalEdit
NGP Capital (formerly Nokia Growth Partners) is a global venture capital firm, focusing in investments on growth stage "Internet of things" (IoT) and mobile technology companies.[189] 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.[190]
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.[191] 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.[192]
NGP's largest exits include GanJi, UCWeb, Whistle, Rocket Fuel, Swype, Summit Microelectronics and Netmagic.
Nuage NetworksEdit
Nuage Networks is a venture providing software-defined networking (SDN) solutions. It was formed by Alcatel-Lucent in 2013 to develop a software overlay for automating and orchestrating hybrid clouds.[193] It has been part of Nokia following their acquisition of Alcatel-Lucent in 2016.[194] Throughout 2017 Nuage sealed deals with Vodafone and Telefonica to provide its SD-WAN architecture to their servers.[195][196] BT had already been a client since 2016.[197] A deal with China Mobile in January 2017 also used Nuage's SDN technology for 2,000 public cloud servers at existing data centers in China,[198] and another in October 2017 with China Pacific Insurance Company.[199]
The company is based in Mountain View, California and the CEO is Sunil Khandekar.[200]
Alcatel MobileEdit
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 GlobalEdit
Main article: HMD Global
HMD Global is a mobile phone company based at the same building as Nokia's headquarters 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.[201] Nokia has no investment in the company but retains some input in the development of its devices.[202]
Alcatel Submarine NetworksEdit
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.[203] [204]
Corporate affairs
Awards and recognition
Logo history
Controversies
See also
References
Further reading
External links
Last edited 1 day ago by Wikipelli
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