Elisa (company)

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Elisa Oyj
Julkinen osakeyhtiö
Traded asNasdaq HelsinkiELISA
  • 31 January 1882; 137 years ago (1882-01-31)
(as HPY HTF)
FounderDaniel Wadén
Area served
Key people
  • Raimo Lind (Chairman)
  • Veli-Matti Marttila (CEO)
  • Jari Kinnunen (CFO)
ProductsRetail and wholesale fixed-line and mobile telecommunications services, internet services
RevenueIncrease €1.83 billion (2018)
Increase €404 million (2018)
Increase €381 million (2018)
Total assetsIncrease €2.533 billion (2016)
Total equityIncrease €971 million (2016)
Number of employees
4,800 (31 January 2018)
Footnotes / references

Elisa Oyj is a Finnish telecommunications company founded in 1882. Its previous names were Helsingin Puhelin (until July 2000) and Elisa Communication Oyj (until 2003).[2] Elisa is a telecommunications, ICT and online service company operating mainly in Finland and Estonia, but it is also offering digital services are for international markets.[3] It has over 6.2 million consumer, corporate and public administration organisation subscriptions.[4] In Finland Elisa is the market leader in mobile and fixed network subscriptions while in Estonia it is the second largest operator.[3] Elisa provides environmentally sustainable services for communication and entertainment, and tools for improving operating methods and productivity of organisations. It is cooperating with Vodafone and Telenor. Elisa offers fixed and mobile subscriptions and broadband subscriptions under Elisa and Elisa Saunalahti brands.[3] Other services include cable-tv-subscriptions.[3] Elisa's new digital services are among others Elisa Viihde,[5] Elisa Kirja,[6] Elisa Videra,[7] Elisa Automate[8] and Elisa Smart Factory.[9]

Elisa is listed on Nasdaq Helsinki Large Cap with approximately 186,000 shareholders.[3] In 2018, Elisa’s revenue was 1.83 billion euros, and the company employed 4,800 people.[10]


Elisa reports its performance in two segments: Consumer Customers and Corporate Customers. The company operates nationwide and has employees also internationally.[10] Elisa’s CEO has been from 1 July 2003 Veli-Matti Mattila[11] who is one of the longest serving CEO’s of listed companies in Finland.[12]

Board of directors[edit]

In 2019 Elisa’s Board of Directors were Anssi Vanjoki (Chairman), Petteri Koponen (Deputy Chairman), Clarisse Berggårdh, Kim Ignatius, Leena Niemistö, Seija Turunen ja Antti Vasara.[13]

Share and shareholders[edit]

Elisa has approximately 186,000 shareholders,[3] of which approximately 55 per cent are Finnish households and institutions. Largest shareholders are Finnish national institutions (Solidium Oy, Varma, Ilmarinen, City Councils of Helsinki, State Pension Fund, Elo).[14]


In the spring 2019 Elisa's subsidiaries in Finland were[15]

  • Elisa Videra Oy, Video Conferencing Operator
  • Elisa Santa Monica Oy, IT services company
  • Enia Oy, Telesales company
  • Fenix Solutions Oy, IT services company
  • Fonum Oy, Device service company
  • Kepit Systems Oy, Streaming services company
  • Sulake Prepaid Oy
  • Watson Nordic Oy, IPTV service company

In Estonia it had two subsidiaries:

  • Elisa Eesti AS and
  • cable and fixed broadband company called Elisa Teleteenused AS (Starman).

Partners and Startups[edit]

In 2015 Elisa founded a startup team to accelerate startup operations.[16] Startups include e.g. Transfluent, Oura Health, OnePlus and Two Hat’s Community Sift.[17] Elisa has organised "AI Co-creation Challenge" during the Slush event. In 2018 the winner of EUR 50,000 award was Lifemote.[18]


Elisa was originally established on 31 January 1882 by the electrical engineer Daniel Wadén (fi; sv) as a telephone cooperative called the Helsinki Telephone Association (Finnish: Helsingin puhelinyhdistys, HPY, Swedish: Helsingfors telefonförening HTF).[19] HPY began serving customers on 6 June 1882 by connecting 56 phone numbers; by 1884 the number of yearly calls surpassed one million.

HPY started expanding during the 1920s and 30s by merging with smaller cooperative telephone operators. In 1921, HPY and the over 400 other privately operated telephone cooperatives then existing in Finland formed the Puhelinlaitosten liitto ("Federation of Telephone Companies") consortium, which was renamed as Finnet (fi) in 1996. The company reached its current geographical operating field in 1958. HPY's original form of incorporation, a mutual association, was changed to a legal cooperative ("Helsingin puhelinosuuskunta") in 1995, listed on the Helsinki Stock Exchange as Helsingin Puhelin Oyj in 1997, and then changed again to a joint-stock company under the name HPY Holding Oyj. HPY was eventually demutualised in 2000, and was renamed as Elisa Communications Oyj. Elisa Communications Oyj left the Finnet consortium in 2001, and would eventually unify all of its offerings under the Elisa branding in 2003–2004.

Logo used from 2003 until 2014

Elisa launched the first commercial GSM service under the Radiolinja brand in 1991 and the world's first commercial UMTS900 network on 8 November 2007.

Investment company Novator Partners acquired a 10.4% stake in Elisa in 2005 through a share swap when Elisa bought the smaller operator Saunalahti, which had been mostly owned by Novator. Novator tried to revamp Elisa in December 2007, but was opposed by Finnish institutions such as Varma Mutual Pension Insurance Company. In October 2008, during the Icelandic financial crisis, Novator sold its entire stake in Elisa to Varma for 194 million euros (US$266 million), a price of €11.20 per share.[20]

On 27 June 2018 Elisa launched the world's first commercial 5G network in the Finnish city of Tampere and in the Estonian capital of Tallinn.[21]

Corporate responsibility[edit]

Elisa is committed to Science Based Targets and publishes verified responsibility report annually.[22]

HPY Research Foundation was founded in 1999 to support research studies of telecommunications technology, studies closely related to telecommunications business or the use of telecommunications. Research studies should be in the areas of technological, economical or behavioural sciences and the level of post-graduate studies aiming to doctoral thesis or higher level studies. By 2018 the Foundation had granted a total of 1.048.710 EUR to mainly researches for their doctoral thesis in various universities. The Foundation library had 119 doctoral thesis.[23][24]


Elisa has been awarded the Great Place to Work in 2017, 2018 and 2019.[25][26]

In 2019 it was the first Finnish teleoperator to receive the Finnish Quality Award.[27]


  1. ^ "ELISA, Elisa Oyj, (FI0009007884) - Nasdaq". www.nasdaqomxnordic.com. Retrieved 20 April 2018.
  2. ^ Kauppalehti. "Elisa Oyj | Y-tunnus 0116510-6 | Yritystiedot, Taloustiedot | Kauppalehti". Tärkeimmät talousuutiset | Kauppalehti (in Finnish). Retrieved 15 May 2019.
  3. ^ a b c d e f "Annual report 2018".
  4. ^ "Operational model and subsidiaries". corporate.elisa.com. Retrieved 16 May 2019.
  5. ^ "Elisa Viihde". elisa.fi. Retrieved 8 February 2019.
  6. ^ "Elisa Kirja - Helpoin tapa hankkia e-kirja tai äänikirja". kirja.elisa.fi. Retrieved 8 February 2019.
  7. ^ "Concepts & Solutions". elisavidera.com. Retrieved 8 February 2019.
  8. ^ "Elisa Automate - The best mobile network automation solution for operators". Elisa Automate. Retrieved 8 February 2019.
  9. ^ "Elisa IIoT". www.elisa.com. Retrieved 8 February 2019.
  10. ^ a b "Elisa's Financial Statements Release 2018". otp.investis.com. Retrieved 8 February 2019.
  11. ^ Lähteenmäki, Pekka. "Elisan Mattila 15 vuotta operaattorin johdossa: "Yrityksen itsenäinen tulevaisuus oli vaakalaudalla, piti tehdä radikaaleja liikkeitä"". Talouselämä (in Finnish). Retrieved 15 May 2019.
  12. ^ Erkko, Anni. "Elisan Mattilan opit huipulla pysymiseen". Tärkeimmät talousuutiset | Kauppalehti (in Finnish). Retrieved 15 May 2019.
  13. ^ "Board of Directors". corporate.elisa.com. Retrieved 15 May 2019.
  14. ^ "Shareholders". corporate.elisa.com. Retrieved 15 May 2019.
  15. ^ "Subsidiaries". corporate.elisa.com. Retrieved 15 May 2019.
  16. ^ Manas, Laura. "Elisa perustaa oman startup-tiimin". Tärkeimmät talousuutiset | Kauppalehti (in Finnish). Retrieved 15 May 2019.
  17. ^ "Startupit". corporate.elisa.fi. Retrieved 15 May 2019.
  18. ^ Lehtiniitty, Markus (5 December 2018). "Elisan tekoälykilpailun voittajalle 50 000 euron palkinto – Lifemote ennustaa ja ratkaisee Wi-Fi-verkkojen yhteysongelmia". mtvuutiset.fi (in Finnish). Retrieved 15 May 2019.
  19. ^ "History". Elisa.com - Elisa in English. Elisa. Retrieved 13 May 2013.
  20. ^ Suoninen, Sakari; Virki, Tarmo (13 October 2008). "UPDATE 2-Novator sells Elisa stake for 194 mln euros". Reuters. Retrieved 15 February 2009.
  21. ^ "Elisa first in world to launch commercial 5G - ePressi" (in Finnish). Retrieved 29 June 2018.
  22. ^ "Uudet päästötavoitteet osoittavat Elisan sitoutumisen ilmaston muutoksen hillintään". FiCom. 21 March 2018. Retrieved 15 May 2019.
  23. ^ - (5 April 2016). "Lista: Kenelle menivät teknologiasäätiöiden tutkimusrahat?". Uusiteknologia.fi (in Finnish). Retrieved 15 May 2019.
  24. ^ Nikulainen, Kalevi (5 December 2002). "HPY:n tutkimussäätio jakoi rahaa 15 tutkijalle". Ilta-Sanomat (in Finnish). Retrieved 15 May 2019.
  25. ^ "Suomen parhaat työpaikat 2018". Great Place To Work Finland (in Finnish). Retrieved 15 May 2019.
  26. ^ Tamminen, Maija. ""Vuosien avokonttoritrendin jälkeen ei ole väärin tarvita hiljaisuutta" – Elisassa etätöitä ei kielletä edes maanantaina". Talouselämä (in Finnish). Retrieved 15 May 2019.
  27. ^ "Suomen suurimman teleoperaattorin Elisan liikevoitto kasvoi vakaasti ankarasta hintakilpailusta huolimatta – Toimitusjohtaja Mattila: "Kilpailemme laadulla"". Helsingin Sanomat (in Finnish). 31 January 2019. Retrieved 15 May 2019.

External links[edit]