Nokia Company Background

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Nokia Company Background

By | October 2008
Page 1 of 2
NOKIA COMPANY BACKGROUND
Company Information
Nokia Corporation (Nokia) is player in mobile industry. The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks through Nokia Siemens Networks. From January 1, 2004 through March 31, 2007, Nokia had four business groups: Mobile Phones, Multimedia, Enterprise Solutions and Networks, supported and serviced by two horizontal groups: Customer and Market Operations and Technology Platforms, in addition to various Corporate Functions. In June 2008, Nokia completed the transfer of its Adaptation Software Research and Development (R&D) operations to Sasken Communication Technologies Limited. In June 2008, Nokia completed the acquisition of Trolltech ASA. In July 2008, Nokia Corporation completed the acquisition of NAVTEQ Corporation, and Plazes, a privately owned start-up company.

History
The roots of Nokia go back to the year 1865 with the establishment of a forest industry enterprise in Nokia, Finland by mining engineer Fredrik Idestam. Elsewhere, the year 1898 witnessed the foundation of Finnish Rubber Works Ltd, and in 1912 Finnish Cable Works began operations. Gradually, the ownership of these three companies shifted into the hands of just a few owners, and in 1967 the three companies were merged to form the Nokia Corporation. At the beginning of the 1980s, Nokia strengthened its position in the telecommunications and consumer electronics markets through the acquisitions of Mobira, Salora, Televa and Luxor of Sweden. In 1987, Nokia acquired the consumer electronics operations and part of the component business of the German Standard Electric Lorenz, as well as the French consumer electronics company Oceanic. In 1987, Nokia also purchased the Swiss cable machinery company Maillefer. In the late 1980s, Nokia...