Elisa (company)

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Elisa Oyj
Julkinen osakeyhtiö
Traded as Nasdaq HelsinkiELISA
Industry Telecommunications
Founded
  • 31 January 1882; 136 years ago (1882-01-31)
(as HPY HTF)
Founder
  • Daniel Wadén
Headquarters Helsinki, Uusimaa, Finland
Area served
Estonia,
Finland
Key people
  • Raimo Lind (Chairman)
  • Veli-Matti Marttila (CEO)
  • Jari Kinnunen (CFO)
Products Retail and wholesale fixed-line and mobile telecommunications services, internet services
Revenue
  • Increase €1.79 billion (2017)
  • €1.64 billion (2016)
  • Increase €339 million (2016)
  • €291 million (2015)
  • Increase €257 million (2016)
  • €243 million (2015)
Total assets
  • Increase €2.533 billion (2016)
  • €2.247 billion (2015)
Total equity
  • Increase €971 million (2016)
  • €925 million (2015)
Number of employees
4,700 (31 January 2017)
Website www.elisa.com
Footnotes / references
[1]
Primary ASN 6667 (international), 719 (finland internal)
Peering policy Selective[2]
Traffic Levels 300-500Gbps[2]
Logo used from 2003 until 2014

Elisa Oyj is a Finnish telecommunications company founded in 1882. It was called HPY HTF until July 2000. The mobile operations of Elisa were previously known as Radiolinja.

Elisa is a telecommunications, ICT and online service company operating mainly in Finland and Estonia. Elisa has over 6.2 million consumer, corporate and public administration organisation subscriptions.

Largest shareholders are Finnish national institutions (Government of Finland, State Pension Fund, City Councils of Helsinki and Vantaa) with 11.54% share.

Elisa provides environmentally sustainable services for communication and entertainment, and tools for improving operating methods and productivity of organisations. In Finland Elisa is the market leader in mobile and fixed network subscriptions and in Estonia number two. Cooperation with Vodafone and Telenor enables globally competitive services. Elisa is listed on Nasdaq Helsinki Large Cap with approximately 190,000 shareholders. In 2017, Elisa’s revenue was 1.79 billion euros, and the company employed 4,700 people.

History[edit]

Elisa was originally established on 31 January 1882 by the electrical engineer Daniel Wadén (fi) as a telephone cooperative called the Helsinki Telephone Association (Finnish: Helsingin puhelinyhdistys, HPY, Swedish: Helsingfors telefonförening HTF).[3] 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 1930s by merging with smaller cooperative telephone operators. The company reached its current geographical operating field in 1958. The original form of incorporation, a mutual association, was changed to a legal cooperative ("Helsingin puhelinosuuskunta") in 1995. The cooperative was finally demutualised in 2000.

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.[4]

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.[5]

See also[edit]

References[edit]

  1. ^ "ELISA, Elisa Oyj, (FI0009007884) - Nasdaq". www.nasdaqomxnordic.com. Retrieved 20 April 2018. 
  2. ^ a b "PeeringDB". 
  3. ^ "History". Elisa.com - Elisa in English. Elisa. Retrieved 13 May 2013. 
  4. ^ Suoninen, Sakari; Virki, Tarmo (13 October 2008). "UPDATE 2-Novator sells Elisa stake for 194 mln euros". Reuters. Retrieved 15 February 2009. 
  5. ^ "Elisa first in world to launch commercial 5G - ePressi" (in Finnish). Retrieved 2018-06-29. 

External links[edit]