Elisa (company)

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Elisa Corporation
Native name
Elisa Oyj
TypeJulkinen osakeyhtiö
Nasdaq HelsinkiELISA
  • 31 January 1882; 139 years ago (1882-01-31)
(as HPY HTF)
FounderDaniel Wadén
Area served
Key people
  • Anssi Vanjoki (Chairman)
  • Veli-Matti Mattila (CEO)
  • Jari Kinnunen (CFO)
ProductsRetail and wholesale fixed-line and mobile telecommunications services, internet services
RevenueIncrease €1.89 billion (2020)[1]
Increase €415 million (2020)[1]
Number of employees
Increase 5,097 (2020)[1]
Footnotes / references

Elisa Oyj (English trade name Elisa Corporation) is a Finnish telecommunications company founded in 1882. Its previous names were Helsingin Puhelin (until July 2000) and Elisa Communication Oyj (until 2003).[1] Elisa is a telecommunications, ICT and online service company operating mainly in Finland and Estonia, but it also offers digital services for international operators and other companies.[3] In Finland Elisa is the market leader in mobile and fixed network subscriptions.[3] Elisa provides services for communication and entertainment, and tools for improving operating methods and productivity of organisations.[3] It cooperates for example with Vodafone.[4]

Elisa offers fixed and mobile subscriptions and broadband subscriptions under Elisa and Elisa Saunalahti brands but also cable-tv-subscriptions.[3] Elisa's digital services are among others Elisa Saunalahti, Elisa Videra, Elisa Automate, Elisa Smart Factory and Elisa Kirja ebook service.[5] Elisa Viihde is producing Finnish drama.[3]

Elisa is listed on Nasdaq Helsinki.[2] In 2020, Elisa's revenue was 1.89 billion euros, and the company employed nearly 5,100 people.[1]


The roots of Elisa (1882–1999)[edit]

On 1882 electrical engineer Daniel Wadén started a telephone company called Helsingin Telefooni (telephone of Helsinki).[6] In 1985 the company became Helsingin Puhelin.[7]

The company launched the first commercial GSM service under the Radiolinja brand in 1991.[8]

In 1995 Radiolinja Eesti AS started operating in Estonia with a GMS network.[9]

In 1997 the company was listed on the Helsinki Stock Exchange as Helsingin Puhelin Oyj.[10]

Elisa Communications Oyj (2000-2003)[edit]

In 2000, the company got a new name: Elisa Communications Oyj.[1]

In 2002 Elisa started to cooperate with Vodafone.[4]

Elisa Oyj (2003-present)[edit]

Since 2003 the company's name has been Elisa Oyj.[1]

In 2005 investment company Novator Partners acquired a 10.4% stake in Elisa 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.[11]

In 2005 Radiolinja Eesti AS and fixed and Uninet AS providing fixed networks were merged as Elisa.[9]

Elisa launched the world's first commercial UMTS900 network on 8 November 2007.[12]

In 2011 Elisa opened a webstore selling E-books. Elisa Kirja (Elisa Book) service was offering e-books from the major Finnish publishers.[13]

In 2013, Elisa acquired Sulake, the company behind the teen-oriented online community Habbo. The acquisition followed a child sex scandal where Habbo had lost half of its userbase and Sulake were in financial problems.[14][15] Elisa sold the majority of Habbo to Azerion in 2018 and the rest in January 2021.[16]

In 2014, Elisa started using unlimited data as the basis for their monthly invoicing. The price was based on the data transfer speed. Soon other operators operating in Finland switched to similar pricing model. As a result, Finland became one of the leaders in the mobile data usage.[17]

In 2015 Elisa founded a startup team to accelerate startup operations.[18]

On 27 June 2018, Elisa launched 5G NR network in the Finnish city of Tampere and in the Estonian capital of Tallinn and was among the first operators in the world with their commercial 5G network.[19] [20] In 2018 Elisa organised "AI Co-creation Challenge" during the Slush event. The winner of EUR 50,000 award was Lifemote.[21]

In June 2019 Elisa bought Swedish Polystar Osix AB, which was providing analytics, assurance and monitoring software solutions for international mobile operators.[22]

In fall 2020 Elisa and NENT Group known for their Viaplay brand started a common brand called Elisa Viihde Viaplay. While Elisa was in charge of sales, marketing and customer care, NENT Group's part was analytics and technology. The brand was offering the widest selection of Finnish or Nordic original drama content as well as movies, series and program for children from Finland and abroad.[23] In September, Elisa made new deals about 5G networks with both Ericsson and Nokia. It had started the co-operation with Nokia's 5G network in 2019. Elisa told that it was planning to shutdown its 3G network by the end of 2023.[24]

In January 2021 Elisa bought a German-based industrial software provider camLine GmbH.[25]


Elisa serves both consumers and corporates. It operates nationwide and has employees also internationally.[5] Elisa's CEO has been from 1 July 2003 Veli-Matti Mattila[26] who is one of the longest serving CEO's of listed companies in Finland.[27]

55 per cent of Elisa's shareholders are Finnish households and institutions. Largest shareholders are Finnish national institutions (Solidium Oy, Varma, Ilmarinen, City Councils of Helsinki, State Pension Fund, Elo).[28] HPY Research Foundation funds post-graduate research into telecommunications and by 2016 had made 232 awards worth €989,000.[29][30]

Products and services[edit]

Elisa provides services for communication and entertainment, and tools for improving operating methods and productivity of organisations. For internationally operators Elisa together with its subsidiaries Polystar Osix AB and camLine GmbH is offering automated network management. The company is also selling automation process based on machine learning to industrial manufacturers.[3] The fixed and mobile subscriptions and broadband subscriptions are sold under Elisa and Elisa Saunalahti brands but there are also cable-tv-subscriptions.[3] Elisa's new digital services are among others Elisa Saunalahti, Elisa Videra, Elisa Santa Monica, Elisa Automate and Elisa Smart Factory. Elisa Kirja concentrates on ebooks.[5]

Elisa Viihde is producing Finnish drama like All the Sins. The series are first shown to Elisa Viihde Aitio's customers or on Viaplay after which they are being sold to Finnish or foreign television channels.[3] [23]

In April 2021 Elisa's main subsidiaries were[31]

  • in Finland:
    • 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
    • Watson Nordic Oy, IPTV service company
  • in Estonia:
    • Elisa Eesti AS
    • cable and fixed broadband company called Elisa Teleteenused AS (Starman) and
    • Santa Monica Networks AS, network company
  • in Germany:
    • camLine Group providing software solutions for manufacturing industry.
  • in Sweden:
    • Polystar OSIX AB, Telco-automation company


  • Elisa has been awarded the Great Place to Work in 2017, 2018 and 2019.[32][33]
  • In 2019 it was the first Finnish teleoperator to receive the Finnish Quality Award.[34]
  • In 2020, Elisa was ranked the third best telecom operator in the world in a survey by the consulting company Boston Consulting Group. Between 2015 and 2019 it had generated the third highest total return to its shareholders.[35]


  1. ^ a b c d e f g Kauppalehti. "Elisa Oyj". Kauppalehti (in Finnish). Retrieved 24 March 2021.
  2. ^ a b "ELISA, Elisa Oyj, (FI0009007884) - Nasdaq". www.nasdaqomxnordic.com. Retrieved 20 April 2018.
  3. ^ a b c d e f g h Koskinen, Petri. ""Teleoperaattoreita on kuin mersuja ja ladoja" – Elisa, Telia ja DNA eivät ole samanlaisia". Talouselämä (in Finnish). Retrieved 24 March 2021.
  4. ^ a b "Elisa yhteistyöhön Vodafonen kanssa". Yle Uutiset (in Finnish). Retrieved 24 March 2021.
  5. ^ a b c "Elisa - What we do". elisa.com. Retrieved 6 April 2021.
  6. ^ "SATA VUOTTA SAMAA | Puhelinluettelo on lihonut ja laihtunut elämänsä aikana". Helsingin Sanomat (in Finnish). 12 June 2004. Retrieved 6 April 2021.
  7. ^ "Elisa - History". elisa.com. Retrieved 24 March 2021.
  8. ^ "Maailman ensimmäinen GSM-puhelu". yle.fi (in Finnish). Retrieved 24 March 2021.
  9. ^ a b "Elisa-brändi ui Viroon". Ilta-Sanomat (in Finnish). 8 February 2005. Retrieved 24 March 2021.
  10. ^ "HPY:stä osakeyhtiö jo tänä vuonna". Helsingin Sanomat (in Finnish). 28 February 1998. Retrieved 6 April 2021.
  11. ^ Suoninen, Sakari; Virki, Tarmo (13 October 2008). "UPDATE 2-Novator sells Elisa stake for 194 mln euros". Reuters. Retrieved 15 February 2009.
  12. ^ "Elisa lupaa nopeamman 3G:n ja avasi UMTS900-verkon". Ilta-Sanomat (in Finnish). 8 November 2007. Retrieved 24 March 2021.
  13. ^ "Laaja sähköisten kirjojen palvelu aloittaa". Yle Uutiset (in Finnish). Retrieved 24 March 2021.
  14. ^ "After Losing Over Half Its 9M Users In A Pedophile Scandal, Habbo Hotel Hopes For New Life As A Gaming Platform". TechCrunch. Retrieved 29 March 2021.
  15. ^ Wauters, Robin (7 February 2013). "Habbo makers Sulake acquired by Finnish telecom firm Elisa after child sex scandal and CEO switch". The Next Web. Archived from the original on 15 October 2016.
  16. ^ "Legendaarinen Habbo siirtyy hollantilaisomistukseen – Elisa myi osakkeensa". www.iltalehti.fi (in Finnish). Retrieved 24 March 2021.
  17. ^ "Teleyhtiöt | Voittajana ei aina selviä nopein tai vahvin, vaan sopeutuvaisin, sanoo Elisan Asko Känsälä – hänen oppinsa olivat keskeisiä, kun Suomesta tehtiin rajattoman mobiilidatan maa". Helsingin Sanomat (in Finnish). 25 October 2020. Retrieved 6 April 2021.
  18. ^ Manas, Laura. "Elisa perustaa oman startup-tiimin". Kauppalehti (in Finnish). Retrieved 15 May 2019.
  19. ^ "Finland's Elisa is second carrier to launch 'world's first' 5G network". VentureBeat. 28 June 2018. Retrieved 24 March 2021.
  20. ^ "Elisa alkoi myydä 5g-liittymiä: Nopeus riippuu osoitteesta". Ilta-Sanomat (in Finnish). 29 April 2019. Retrieved 24 March 2021.
  21. ^ 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.
  22. ^ Kontola, Sami. "Elisa ostaa Polystar OSIX AB:n tytäryhtiöineen — kauppahinta 70 miljoonaa euroa". Talouselämä (in Finnish). Retrieved 6 April 2021.
  23. ^ a b Tuomasjukka, Tuukka. "Elisan suoratoistopalvelu ja kotimaan Viaplay yhdistyvät – "Suomalaisethan ovat tosi innostuneita suoratoistopalveluista"". Talouselämä (in Finnish). Retrieved 24 March 2021.
  24. ^ Sihvonen, Lauri. "Elisa: Myös Nokia yhteistyö jatkuu – "Pitkä yhteinen tarinamme saa jatkoa"". Talouselämä (in Finnish). Retrieved 24 March 2021.
  25. ^ "Tietoliikenne | Elisa ostaa saksalaisen ohjelmistoyhtiön 60 miljoonalla eurolla". Helsingin Sanomat (in Finnish). 12 January 2021. Retrieved 6 April 2021.
  26. ^ Lähteenmäki, Pekka. "Elisan Mattila 15 vuotta operaattorin johdossa: "Yrityksen itsenäinen tulevaisuus oli vaakalaudalla, piti tehdä radikaaleja liikkeitä"". Talouselämä (in Finnish). Retrieved 15 May 2019.
  27. ^ Erkko, Anni. "Elisan Mattilan opit huipulla pysymiseen". Kauppalehti (in Finnish). Retrieved 15 May 2019.
  28. ^ "Shareholders". corporate.elisa.com. Retrieved 15 May 2019.
  29. ^ - (5 April 2016). "Lista: Kenelle menivät teknologiasäätiöiden tutkimusrahat?". Uusiteknologia.fi (in Finnish). Retrieved 15 May 2019.CS1 maint: numeric names: authors list (link)
  30. ^ Nikulainen, Kalevi (5 December 2002). "HPY:n tutkimussäätio jakoi rahaa 15 tutkijalle". Ilta-Sanomat (in Finnish). Retrieved 15 May 2019.
  31. ^ "Elisa - Operational model and subsidiaries". elisa.com. Retrieved 6 April 2021.
  32. ^ "Parhaat työpaikat: Elisa sijoittui suurten yritysten sarjassa neljännelle sijalle". www.karjalainen.fi (in Finnish). Retrieved 24 March 2021.
  33. ^ Tamminen, Maija. ""Vuosien avokonttoritrendin jälkeen ei ole väärin tarvita hiljaisuutta" – Elisassa etätöitä ei kielletä edes maanantaina". Talouselämä (in Finnish). Retrieved 15 May 2019.
  34. ^ "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.
  35. ^ Lähdevuori, Laura. "Konsulttiyhtiö: Elisa kolmanneksi paras maailman teleyhtiöiden joukossa – Omistaja-arvoa on syntynyt runsaasti". Talouselämä (in Finnish). Retrieved 24 March 2021.

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