Nokia Corporation
Since 1865
Europe
Helsinki
Top managers:
Nielsen Nils
Demetrio Russo
Pekka Lundmark
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History
Main article: History of Nokia
The history of Nokia is one of the most incredible sagas about business of the 90s of the XX century. As BusinessWeek magazine wrote, in the early 90s, the Finnish conglomerate was worried about problems very far from cellular communications: then sales began to decline sharply in the Soviet Union, which was on the verge of collapse... toilet paper. And by the end of the millennium, the same Finns, reorienting themselves to the production of cell phones, surpassed Ericsson and Motorola in a new market for themselves. Quickly enough, Nokia became one of the leading players in the global telecommunications market, as well as one of the richest European companies.
Following the rise in the early 2010s, there was an equally rapid collapse of the company's business. Key events in the life of the company to this day are here.
Business Lines and Structure
By November 2018, Nokia Corporation produces equipment for cellular and fixed-line operators. In the past, the company produced mobile phones and offered mapping services, but these businesses were sold. Nokia is a public company listed on the Helsinki, Stockholm, Frankfurt and New York exchanges.
By January 2020, Nokia's activities are divided into the following divisions:
- Nokia Networks, which includes the following structures:
- Access Networks (equipment for networks of a mobile and fixed telephony),
- Global Services and
- IP Networks and Applications. DPC transport
- Nokia Technologies (technology licensing and consumer electronics development).
- Nokia Software (software solutions)
"The future of medicine is remote surgery with data transfer over almost latency-eliminating networks of the standard, 5G as well as miniature wearable gadgets that continuously monitor the state of health. Such devices will allow doctors to prevent many diseases before they even develop Nokia , "the director Rajiv Suri general said during a speech in Davos in January 2018.
As a confirmation of his words, Suri cited as an example a wearable gadget being developed at Nokia, which will constantly monitor the composition of the body's blood for the presence of cancer biomarkers and, with the slightest suspicion, inform both the person and the attending physician about it. Also, the Finnish company is working on the creation of a special "sleeve" that will constantly monitor the levels of cholesterol, lactic acid and blood glucose. For these purposes, Nokia acquired a European manufacturer of smart medical devices, Withings.
Business in Russia
Main article: Nokia Russia
Nokia Corporation began operations then in the USSR in the 60s.
Since 1993, Nokia's interests in St. Petersburg have been represented by Nokia Switching Systems (NSS). In 1997, ZAO Nokia was established with its head office in Moscow. Nokia has offices in key regions of Russia, as well as the CIS countries.
Performance indicators
Main article: Nokia financial performance
Acquisitions and divestment
Main article: Acquisitions and sale of Nokia assets
In its history of development from a paper mill to a telecom infrastructure supplier, Nokia has made many transactions for mergers and sales of its own assets.
Interesting facts
- Nokia does not use the number 4 in the names of phone models intended for Asian markets, since in many regions of Southeast and East Asia, the number 4 is considered unhappy.
- The first Symbian-based Nokia communicators used the AIKON graphical interface, or NOKIA vice versa.
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Notes
Stock price dynamics
Ticker company on the exchange: | NYSE:NOK |
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