Main entrance of Nokia headquarters in Espoo
|Traded as||OMX: NOK1V
|Founded||Tampere, Grand Duchy of Finland (1865)
incorporated in Nokia (1871)
|Headquarters||Espoo, Uusimaa, Finland|
|Products||List of Nokia products|
|Revenue||€12.73 billion (2014)|
|€1.63 billion (2014)|
|Profit||€1.17 billion (2014)|
|Total assets||€21.06 billion (2014)|
|Total equity||€8.67 billion (2014)|
Number of employees
Nokia Corporation (Finnish: Nokia Oyj, Finnish pronunciation: [ˈnokiɑ], UK //, US //) is a Finnish multinational communications and information technology company. Nokia is headquartered in Espoo, Uusimaa, in the greater Helsinki metropolitan area. In 2014, Nokia employed 61,656 people across 120 countries, conducts sales in more than 150 countries and reported annual revenues of around €12.73 billion. Nokia is a public limited-liability company listed on the Helsinki Stock Exchange and New York Stock Exchange. It is the world's 274th-largest company measured by 2013 revenues according to the Fortune Global 500.
The company currently focuses on large-scale telecommunications infrastructures, technology development and licensing. Nokia is also a significant contributor to the mobile telephony industry, having assisted in development of the GSM and LTE standards, and was, for a period, the largest vendor of mobile phones in the world. Nokia's dominance also extended into the smartphone industry through its Symbian platform, but it was soon overshadowed by the growing dominance of Apple's iPhone line and Android devices. Nokia eventually entered into a pact with Microsoft in 2011 to exclusively use its Windows Phone platform on future smartphones.
In September 2013, Microsoft announced that it would acquire Nokia's mobile phone business as part of an overall deal totaling €5.44 billion (US $7.17 billion). Stephen Elop, Nokia's former CEO, and several other executives joined the new Microsoft Mobile subsidiary of Microsoft as part of the deal, which was completed on April 25, 2014. In November 2014, Nokia began to license product designs and technologies to third-party manufacturers, to enable a continued presence for the Nokia brand in the consumer electronics hardware market.
- 1 History
- 2 Operations
- 3 Corporate affairs
- 4 Logos
- 5 Controversies
- 6 See also
- 7 References
- 8 Further reading
- 9 External links
|This article or section may be slanted towards recent events. (August 2015)|
2014 to present
On November 17, 2014, Nokia technologies head Ramzi Haidamus disclosed that the company planned to re-enter the consumer electronics business by licensing in-house hardware designs and technologies to third-party manufacturers. Haidamus stated that the Nokia brand was "valuable" but "is diminishing in value, and that’s why it is important that we reverse that trend very quickly, imminently." The next day, Nokia unveiled the N1, an Android tablet manufactured by Foxconn, as its first product following the Microsoft sale. Haidamus emphasized that devices released under these licensing agreements would be held to high standards in production quality, and would "look and feel just like Nokia built it." Nokia CEO Rajeev Suri has stated that the company plans to re-enter the mobile phone business in this manner in 2016, following the expiration of its non-compete clause with Microsoft.
Acquisition of Alcatel-Lucent, sale of Here
On April 14, 2015, Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel-Lucent regarding a potential merger. The next day, Nokia officially announced that it had agreed to purchase Alcatel-Lucent for €15.6 billion in an all-stock deal. The acquisition aims to create a stronger competitor to the rival firms Ericsson and Huawei, whom Nokia and Alcatel-Lucent had surpassed in terms of total combined revenue in 2014. The acquisition is expected to be completed in early 2016, and is subject to regulatory approval. At completion, Nokia shareholders will hold 66.5% while Alcatel-Lucent shareholders will hold 33.5% of the new combined company. The Bell Labs division will be maintained, but the Alcatel-Lucent brand will be replaced by Nokia.
On 3 August 2015, Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of three German automakers—BMW, Daimler AG, and Volkswagen Group, for €2.8 billion.
Nokia is a public limited-liability company listed on the Helsinki and New York stock exchanges. Nokia played a very large role in the economy of Finland. It is an important employer in Finland and works with multiple local partners and subcontractors. Nokia contributed 1.6% to Finland's GDP, and accounted for about 16% of Finland's exports in 2006.
Nokia currently comprises two business groups: Nokia Networks and Nokia Technologies.
Nokia Networks (previously known as Nokia Siemens Networks (NSN) and Nokia Solutions and Networks (NSN)) is a multinational data networking and telecommunications equipment company headquartered in Espoo, Finland. It is the world's fourth-largest telecoms equipment manufacturer measured by 2011 revenues (after Ericsson, Huawei and Alcatel-Lucent). It has operations in around 150 countries.
The 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%), but is now a wholly owned subsidiary of Nokia. It provides wireless and fixed network infrastructure, communications and networks service platforms, as well as professional services to operators and service providers. It focuses on GSM, EDGE, 3G/W-CDMA, LTE and WiMAX radio access networks; core networks with increasing IP and multiaccess capabilities and services.
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 Networks.
Nokia Technologies develops and licenses innovations and the Nokia brand.
Nokia Technologies consists of an advanced development team. The development is done in wide areas from imaging, sensing, wireless connectivity, power management and advanced materials. Other areas are the expansion of IP licensing program.
Nokia Technologies also provides public participation in its development through a program Invent with Nokia.
The control and management of Nokia is divided among the shareholders at a general meeting and the Nokia Leadership Team (left), under the direction of the board of directors (right). The chairman and the rest of the Nokia Leadership Team members are appointed by the board of directors. Only the Chairman of the Nokia Leadership Team can belong to both the board of directors and the Nokia Leadership Team. The board of directors' committees consist of the Audit Committee, the Personnel Committee and the Corporate Governance and Nomination Committee.
The operations of the company are managed within the framework set by the Finnish Companies Act, Nokia's Articles of Association and Corporate Governance Guidelines, and related board of directors adopted charters.
Former corporate officers
Nokia is a public limited liability company and is the oldest company listed under the same name on the Helsinki Stock Exchange, beginning in 1915. Nokia has had a secondary listing on the New York Stock Exchange since 1994. Nokia shares were delisted from the London Stock Exchange in 2003, the Paris Stock Exchange in 2004, the Stockholm Stock Exchange in 2007 and the Frankfurt Stock Exchange in 2012.
In 2007, Nokia had a market capitalisation of €110 billion; by July 17, 2012 this had fallen to €6.28 billion; by 23 February 2015, the market cap had increased to €26.07 billion.
The official business language of Nokia is English. All documentation is written in English, and is used in official intra-company spoken communication and e-mail.
In May 2007, Nokia redefined its values after initiating a series of discussions worldwide as to what the new values of the company should be. Based on the employee suggestions, the new values were defined as: Engaging You, Achieving Together, Passion for Innovation and Very Human.
In August 2014, Nokia redefined its values after the sale of its Devices business. The new values were defined with the key words Respect, Achievement, Renewal and Challenge.
The Nokia House was the head office building of Nokia Corporation, located in Keilaniemi, Espoo, just outside Helsinki, the capital of Finland. The two most southern parts of the building were built in the early 1990s and the third most northern part was built in 2000. Around 5000 employees work in the premises.
NSN's provision of intercept capability to Iran
In 2008, Nokia Siemens Networks, a joint venture between Nokia and Siemens AG, reportedly provided Iran's monopoly telecom company with technology that allowed it to intercept the Internet communications of its citizens. The technology reportedly allowed Iran to use deep packet inspection to read and even change the content of everything from "e-mails and Internet phone calls to images and messages on social-networking sites such as Facebook and Twitter". The technology "enables authorities to not only block communication but to monitor it to gather information about individuals, as well as alter it for disinformation purposes,".
During the post-election protests in Iran in June 2009, Iran's Internet access was reported to have slowed to less than a tenth of its normal speeds, and experts suspected this was due to the use of the interception technology.
In July 2009, Nokia began to experience a boycott of their products and services in Iran. The boycott was led by consumers sympathetic to the post-election protest movement and targeted at those companies deemed to be collaborating with the Islamic regime. Demand for handsets fell and users began shunning SMS messaging.
The joint venture company, Nokia Siemens Networks, asserted in a press release that it provided Iran only with a 'lawful intercept capability' "solely for monitoring of local voice calls". "Nokia Siemens Networks has not provided any deep packet inspection, web censorship or Internet filtering capability to Iran," it said.
In 2009, Nokia heavily supported a law in Finland that allows companies to monitor their employees' electronic communications in cases of suspected information leaking. Contrary to rumors, Nokia denied that the company would have considered moving its head office out of Finland if laws on electronic surveillance were not changed. The Finnish media dubbed the law Lex Nokia because it was implemented as a result of Nokia's pressure.
The law was enacted, but with strict requirements for implementation of its provisions. Until February 2013, no company had used its provisions. In 25 February the Office of Data Protection Ombudsman confirmed that city of Hämeenlinna had recently given the required notice.
Nokia–Apple patent dispute
In October 2009, Nokia filed a lawsuit against Apple Inc. in the U.S. District Court of Delaware claiming that Apple infringed on 10 of its patents related to wireless communication including data transfer. Apple was quick to respond with a countersuit filed in December 2009 accusing Nokia of 11 patent infringements. Apple's General Counsel, Bruce Sewell went a step further by stating, "Other companies must compete with us by inventing their own technologies, not just by stealing ours." This resulted in an ugly spat between the two telecom majors with Nokia filing another suit, this time with the U.S. International Trade Commission (ITC), alleging Apple of infringing its patents in "virtually all of its mobile phones, portable music players, and computers." Nokia went on to ask the court to bar all U.S. imports of the Apple products including the iPhone, Mac and the iPod. Apple countersued by filing a complaint with the ITC in January 2010.
In June 2011, Apple settled with Nokia and agreed to an estimated one time payment of $600 million and royalties to Nokia. The two companies also agreed on a cross-licensing patents for some of their patented technologies.
Alleged tax evasion in India
Nokia's Indian subsidiary has been charged with non-payment of TDS and transgressing transfer pricing norms in India. The unpaid TDS of ₹30 billion, accrued during a course of six years, was due to royalty paid by the Indian subsidiary to its parent company.
- History of Nokia
- Microsoft Mobile – The re-branding of Nokia Device and Services division after acquired by Microsoft.
- Sailfish OS – Continuation of MeeGo through Nokia's bridge program.
- Jolla – a company started by former Nokia employees which owns Sailfish OS.
- Twig Com – originally Benefon, a historical mobile phone manufacturer started by former Nokia people.
- Newkia – Singapore-based company founded by ex-Nokia executive.
- "Nokia Oyj" (in Finnish). YTJ.fi. Retrieved 2 March 2013.
- "Nokia Corporation Report for Q4 2014 and Full Year 2014" (PDF). Nokia Corporation. 29 January 2015. Retrieved 29 Jan 2015.
- "Articles of Association of Nokia Corporation" (PDF). Nokia Corporation. Retrieved 26 June 2015.
- "Nokia – FAQ". Nokia Corporation. Archived from the original on 8 February 2009. Retrieved 16 March 2009.
- "Global 500 2013". Fortune. 2013. Retrieved 16 August 2013.
- "This is the new Nokia". The Verge. Retrieved 23 November 2014.
- "Microsoft buys Nokia's Devices and Services Unit, unites Windows Phone 8 and its hardware maker". The Verge. Vox Media. Retrieved 3 September 2013.
- Ovide, Shira. "Microsoft in $7.17 Billion Deal for Nokia Cellphone Business". Wall Street Journal. Retrieved 3 September 2013.
- "Microsoft closes Nokia deal, pays more than expected". CNET. CBS Interactive.
- "Nokia, China Mobile sign $970 million framework deal" (Press release). Reuters. 10 October 2014.
- "Nokia looks to resurrect its valuable brand on future devices". The Verge. Retrieved 18 November 2014.
- "Nokia's first device after Microsoft is an iPad mini clone that runs Android". The Verge. Retrieved 18 November 2014.
- "Nokia CEO says the company will design and license phones again". Engadget. AOL. Retrieved 3 August 2015.
- Schechner, Sam (14 April 2015). "Nokia Is in Talks to Buy Alcatel-Lucent". The Wall Street Journal. Retrieved 14 April 2015.(subscription required)
- Byford, Sam. "Nokia agrees to buy Alcatel-Lucent for $16.6 billion". The Verge. Retrieved 15 April 2015.
- "Nokia and Alcatel-Lucent to Combine to Create an Innovation Leader in Next Generation Technology and Services for an IP Connected World". Releases (Press release). Nokia. Retrieved 15 April 2015.
- Zekaria, Simon; Knutson, Ryan (14 April 2015). "Merger of Nokia With Alcatel-Lucent Could Put Pressure on Prices". The Wall Street Journal (Dow Jones & Company). Retrieved 15 April 2015.(subscription required)
- "Nokia sells Here maps business to carmakers Audi, BMW and Daimler". CNET. CBS Interactive. Retrieved 3 August 2015.
- Kapanen, Ari (24 July 2007). "Ulkomaalaiset valtaavat pörssiyhtiöitä". Taloussanomat (in Finnish). Retrieved 14 May 2008.
- "Nokia is no longer Finland's most valuable company". phonearena.com. 4 April 2012.
- Ali-Yrkkö, Jyrki (2001). "The role of Nokia in the Finnish Economy" (PDF). ETLA (The Research Institute of the Finnish Economy). Archived from the original (PDF) on 24 October 2007. Retrieved 21 March 2009.
- Ali-Yrkkö, Jyrki (2010). "NOKIA AND FINLAND IN A SEA OF CHANGE" (PDF). ETLA – Research Institute of the Finnish Economy. Archived from the original (PDF) on 25 April 2012. Retrieved 12 November 2011.
- "China's ZTE Q1 net income trails forecasts". Reuters. 25 April 2012. Retrieved 1 May 2012.
- "Nokia Siemens Networks Fact Sheet" (PDF). Nokia Siemens Networks. Archived from the original (PDF) on 18 July 2007. Retrieved 9 July 2007.
- "The Wave of the Future". Brand New: Opinions on Corporate and Brand Identity Work. UnderConsideration LLC. 25 March 2007. Retrieved 14 May 2008.
"Reviews – 2007 – Nokia Siemens Networks". Identityworks. 2007. Retrieved 14 May 2008.
- "Structure". Nokia Corporation. 1 October 2009. Archived from the original on 8 October 2009. Retrieved 28 December 2009.
- Juhana Rossi (1 July 2013). "Nokia Pays $2.21 Billion for Siemens Stake in NSN". Wall Street Journal. Retrieved 18 December 2013.
- "Our businesses". Nokia. Retrieved 15 April 2015.[self-published source]
- "Why invent with us?". Nokia. Retrieved 15 April 2015.[self-published source]
- "Nokia Group Leadership Team". Nokia Corporation. May 2015. Retrieved 1 April 2015.
- "Meet the Board". Nokia Corporation. 2015. Retrieved 1 April 2015.
- "Audit Committee Charter at Nokia" (PDF). Nokia Corporation. 2007. Retrieved 14 May 2008.
- "Personnel Committee Charter at Nokia" (PDF). Nokia Corporation. 2007. Retrieved 14 May 2008.
- "Corporate Governance and Nomination Committee Charter at Nokia" (PDF). Nokia Corporation. 2008. Retrieved 14 May 2008.
- "Committees of the Board". Nokia Corporation. May 2007. Retrieved 14 May 2008.
- Virkkunen, Johannes (29 September 2006). "New Finnish Companies Act designed to increase Finland's competitiveness" (PDF). LMR Attorneys Ltd. (Luostarinen Mettälä Räikkönen). Retrieved 14 May 2008.
- "Corporate Governance Guidelines at Nokia" (PDF). Nokia Corporation. 2006. Retrieved 14 May 2008.
- "Suomalaisten yritysten ylin johto" (in Finnish). Retrieved 20 March 2009.
- "Nokia – Towards Telecommunications" (PDF). Nokia Corporation. August 2000. Retrieved 5 June 2008.
- "Nokia applies for delisting from the Frankfurt Stock Exchange". Reuters. 24 November 2011. Retrieved 16 October 2012.
- "Nokia Way and values". Nokia Corporation. Retrieved 14 May 2008.
- "Official: Nokia to sell and lease back of Nokia House". InfaTech. December 4, 2012.
- "Nokia House now has Microsoft Branding". UnleashThePhones.
- "Microsoft Talo". Foursquare.
- "Contact". Nokia.
- "HS Archives" (in Finnish). Helsingin Sanomat. 1 June 2003. Retrieved 14 May 2008.
- "NOKIA | Connecting Pople 1992 Vector Logo (AI EPS)". HDicon.com. Retrieved 17 October 2010.
- "NOKIA | Connecting Pople new Vector Logo (AI EPS)". HDicon.com. Retrieved 17 October 2010.
- Cellan-Jones, Rory (22 June 2009). "Hi-tech helps Iranian monitoring". BBC News. Retrieved 14 July 2009.
- Rhoads, Christopher; Chao, Loretta (22 June 2009). "Iran's Web Spying Aided By Western Technology". The Wall Street Journal (Dow Jones & Company, Inc.). pp. A1. Retrieved 14 July 2009.
- Kamali Dehghan, Saeed (14 July 2009). "Iranian consumers boycott Nokia for 'collaboration'". The Guardian (London: Guardian News and Media Limited). Retrieved 27 July 2009.
- "Provision of Lawful Intercept capability in Iran" (Press release). Nokia Siemens Networks. 22 June 2009. Archived from the original on 25 June 2009. Retrieved 14 July 2009.
- Ozimek, John (6 March 2009). "'Lex Nokia' company snoop law passes in Finland". The Register. Retrieved 27 July 2009.
- "Nokia Denies Threat to Leave Finland". cellular-news. 1 February 2009. Retrieved 27 July 2009.
- Lex Nokian käytöstä ilmoitettiin ensimmäistä kertaa – Lex Nokia – Talous – Helsingin Sanomat
- Virki, Tarmo (18 January 2010). "SCENARIOS-What lies ahead in Nokia vs Apple legal battle". Reuters. Retrieved 25 January 2010.
- "The war of the Smartphones: Nokia's new patent suit against Apple". Snartphone Reviews. 6 January 2010. Retrieved 25 January 2010.
- "Nokia's Patent Settlement With Apple Won't Help Much". 14 June 2011. Retrieved 29 June 2011.
- Smith, Catharine (14 June 2011). "Apple Settles With Nokia in Patent Lawsuit". Huffington Post. Retrieved 29 June 2011.
- ben-Aaron, Diana; Pohjanpalo, Kati (14 June 2011). "Nokia Wins Apple Patent-License Deal Cash, Settles Lawsuits". Bloomberg. Retrieved 29 June 2011.
- "Income Tax department asks Nokia to pay Rs 13,000 crore". Economic Times. 31 January 2013. Retrieved 31 January 2013.
T. E. Raja Simhan (16 January 2013). "Nokia tax case: IT officials grill Price Waterhouse". Chennai: Business Line. Retrieved 31 January 2013.
- "Nokia suspected of flouting transfer pricing rules too". Business Line. Retrieved 31 January 2013.
|The Decline and Fall of Nokia||David J. Cord||Schildts & Söderströms||April 2014||304 pp||ISBN 978-951-52-3320-2|
|Winning Across Global Markets: How Nokia Creates Strategic Advantage in a Fast-Changing World||Dan Steinbock||Jossey-Bass / Wiley||May 2010||304 pp||ISBN 978-0-470-33966-4|
|Nokia: The Inside Story||Martti Häikiö||FT / Prentice Hall||October 2002||256 pp||ISBN 0-273-65983-9|
|Work Goes Mobile: Nokia's Lessons from the Leading Edge||Michael Lattanzi, Antti Korhonen, Vishy Gopalakrishnan||John Wiley & Sons||January 2006||212 pp||ISBN 0-470-02752-5|
|Mobile Usability: How Nokia Changed the Face of the Mobile Phone||Christian Lindholm, Turkka Keinonen, Harri Kiljander||McGraw-Hill Companies||June 2003||301 pp||ISBN 0-07-138514-2|
|Business The Nokia Way: Secrets of the World's Fastest Moving Company||Trevor Merriden||John Wiley & Sons||February 2001||168 pp||ISBN 1-84112-104-5|
|The Nokia Revolution: The Story of an Extraordinary Company That Transformed an Industry||Dan Steinbock||AMACOM Books||April 2001||375 pp||ISBN 0-8144-0636-X|
Find more about
at Wikipedia's sister projects
|Definitions from Wiktionary|
|Media from Commons|
|News stories from Wikinews|
|Quotations from Wikiquote|
|Source texts from Wikisource|
|Textbooks from Wikibooks|
|Learning resources from Wikiversity|