NOKIA Corporation
Nokia
Corporation, stylised as NOKIA,
is a Finnish multinational communications and information technology company,
founded in 1865. Nokia is headquartered in Espoo, Uusimaa, in the greater Helsinki
metropolitan area. In 2014, Nokia employed 61,656 people across 120 countries,
did business 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 is a component of the Euro Stoxx 50 stock market index.
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| Windows Phone |
The company has
had various industries in its 150-year history, originally founded as a pulp
mill, and currently focuses on large-scale telecommunications infrastructures,
and technology development and licensing. Nokia is also a major 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 was soon overshadowed by competitors. Nokia eventually
entered into a pact with Microsoft in 2011 to exclusively use its Windows Phone
platform on future smartphones. Its mobile phone business was eventually bought
by Microsoft in an overall deal totaling $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.
Since the sale of
its mobile phone business, Nokia began to focus more extensively on its
telecommunications infrastructure business, marked by the divestiture of its rHere
Maps division, its foray in virtual reality, and the acquisitions of French
telecommunications company Alcatel-Lucent and digital health maker Withings in
2016. From late 2016, Nokia's name will return to the mobile phone market
through HMD global.
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