Nokia

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This article is about the telecommunications company. For other uses, see Nokia
(disambiguation).

Nokia Corporation

Main entrance of Nokia headquarters in Espoo

Type

Julkinen osakeyhti
(Public company)

Traded as

OMX: NOK1V
NYSE: NOK

Industry

Telecommunications equipment
Computer software

Founded

Tampere, Grand Duchy of Finland (1865)

incorporated in Nokia (1871)

Founder

Fredrik Idestam
Leo Mechelin

Headquarters

Espoo, Uusimaa, Finland[1]

Area served

Worldwide

Key people
Risto Siilasmaa (Chairman)
Rajeev Suri (President and CEO)
Timo Ihamuotila (CFO)
Products

List of Nokia products

12.73 billion (2014)[2]

Revenue
Operating income

1.63 billion (2014)[2]

Net income

1.17 billion (2014)[2]

21.06 billion (2014)[2]

Total assets

8.67 billion (2014)[2]

Total equity
Number of employees

61,656 (Q4/2014)[2]

Subsidiaries

Nokia Networks
Here
Nokia Technologies

Website

Nokia

Nokia Corporation[3] (Finnish: Nokia Oyj, Finnish pronunciation: [noki], UK /nki/, US /noki/) is
a Finnish multinationalcommunications and information technology company. Nokia is
headquartered in Espoo, Uusimaa, in the greater Helsinkimetropolitan area.[1] 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. [2] Nokia is a public limited-liability
company listed on the Helsinki Stock Exchange and New York Stock Exchange.[4] It is the world's
274th-largest company measured by 2013 revenues according to the Fortune Global 500.[5]
The company currently focuses on large-scale telecommunications infrastructures, technology
development and licensing, and online mapping services.[6] 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). [7][8] Stephen Elop, Nokia's former
CEO, and several other executives joined the newMicrosoft Mobile subsidiary of Microsoft as
part of the deal, which was completed on April 25, 2014.[9] 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. [6]
On April 15, 2015, Nokia announced that it would acquire the French telecommunications
equipment company Alcatel-Lucentfor 15.6 billion.
On June 18, 2015, Nokia's CEO Rajeev Suri revealed that the company plans to re-enter the
mobile phone business in 2016.[10]
Contents
[hide]

1 History
1.1 2014 to present

2 Operations
o

2.1 Nokia Networks

2.2 Here

2.3 Nokia Technologies

3 Corporate affairs
o

3.1 Corporate governance

3.2 Stock

3.3 Corporate culture

3.4 Headquarters

4 Logos

5 Controversies
o

5.1 NSN's provision of intercept capability to Iran

5.2 Lex Nokia

5.3 NokiaApple patent dispute

5.4 Alleged tax evasion in India

6 See also

7 References

8 Further reading

9 External links

History[edit]
Main article: History of Nokia

2014 to present[edit]
In October 2014, Nokia and China Mobile signed a $970 million framework deal for delivery
between 2014 and 2015.[11]
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 thats why it is important that we reverse that trend
very quickly, imminently."[12] The next day, Nokia unveiled the N1, an Android tablet manufactured
by Foxconn, as its first product following the Microsoft sale.[13] 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."[6]
Acquisition of Alcatel-Lucent[edit]
On April 14, 2015, Nokia confirmed that it was in talks with the French telecommunications
equipment company Alcatel-Lucent regarding a potential merger.[14] The next day, Nokia officially
announced that it had agreed to purchase Alcatel-Lucent for 15.6 billion in an all-stock deal.
[15]
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 AlcatelLucent brand will be replaced by Nokia.[15][16][17]
Potential sale of Here division[edit]
In April 2015, Nokia stated that it was evaluating strategic alternatives for its Here mapping
division, which could result in its sale.[18]

Operations[edit]
Nokia is a public limited-liability company listed on the Helsinki and New York stock exchanges.
[4]
Nokia played a very large role in the economy of Finland.[19][20] It is an important employer in
Finland and works with multiple local partners and subcontractors.[21] Nokia contributed 1.6% to
Finland's GDP, and accounted for about 16% of Finland's exports in 2006.[22]
Nokia currently comprises three business groups: Nokia Networks, Here and Nokia
Technologies.

Nokia Networks[edit]
Main article: Nokia Networks
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 andAlcatel-Lucent).[23] It has
operations in around 150 countries.[24]
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.[25] It provides wireless and fixed network infrastructure, communications and
networks service platforms, as well as professional services to operators and service providers.
[26]
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.[27]

Here[edit]
Main article: Here (Nokia)
Here is responsible for Nokia's suite of navigation services (formerly under the Ovi and Nokia
brand).[28]
Here's map data originated in Navteq, a Chicago, Illinois-based provider of digital map data and
location-based content and services for automotive navigation systems, mobile navigation
devices, Internet-based mapping applications, and government and business solutions. Navteq
was acquired by Nokia on October 1, 2007.[29] Navteq's map data became part of the Here Maps

online service where users can download maps, use voice-guided navigation and other contextaware web services.[26]

Nokia Technologies[edit]
Main article: Nokia Technologies
Nokia Technologies develops and licenses innovations and the Nokia brand.[30]
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.[31]
In November 2014, Nokia technologies launched N1, an Android 5.0 tablet manufactured
by Foxconn, as its first product following the Microsoft sale.[13]

Corporate affairs[edit]
Corporate governance[edit]
The control and management of Nokia is divided among the shareholders at a general meeting
and the Nokia Leadership Team (left),[32] under the direction of the board of directors (right).[33] 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,[34] the Personnel Committee[35] and the Corporate Governance and Nomination
Committee.[36][37]
The operations of the company are managed within the framework set by the Finnish Companies
Act,[38] Nokia's Articles of Association[3] and Corporate Governance Guidelines,[39] and related
board of directors adopted charters.
Nokia Leadership Team (as of May 2015)
(Chairman), b. 1967

Board of directors

[32]

Risto Siilasmaa (Chairman), b. 1966

ident and CEO since 1 May 2014

Board member since 2008, Chairman of the board of directors since 3 May 2012
Chairman of the Corporate Governance and Nomination Committee
Founder and Chairman of F-Secure Corporation

cutive Vice President and Chief Financial and Operating Officer of Nokia Networks
ed Nokia Networks 2012

Jouko Karvinen (Vice chairman), b. 1957

an Fernback, b. 1964

Board member since 3 May 2011, Chairman of the Audit Committee, Member of the Corporate G
Committee
CEO of Stora Enso Oyj

ed Nokia 2006, Nokia Leadership Team member since 1 July 2011

Vivek Badrinath, b. 1969

mzi Haidamus, b.

Deputy Chief Executive Officer, Accor Group

ident of Nokia Technologies

mo Ihamuotila, b. 1966

cutive Vice President and Group Chief Financial Officer

h Nokia 19931996, rejoined 1999, Nokia Leadership Team member since 2007

Bruce Brown, b. 1958

Board member since 3 May 2012, Member of the Personnel Committee
Chief Technology Officer of Procter & Gamble

Elizabeth Doherty, b. 1957

Board member since May 2013
independent director

Mrten Mickos, b. 1962

Board member since 3 May 2012
chief executive officer of Eucalyptus Systems, Inc.

Elizabeth Nelson, b. 1960

Board member since 3 May 2012, Member of the Audit Committee
Independent Corporate Advisor

Kari Stadigh, b. 1955

Board member since 3 May 2011, Member of the Personnel Committee
Group CEO and President of Sampo plc

Dennis F. Strigl, b. 1946

Retired CEO, Verizon Wireless, Author and Consultant

Former corporate officers[edit]

Chief executive officers

Chairmen

Bjrn Westerlund

19671977

Lauri J. Kiveks

19671977

Kari Kairamo

19771988

Bjrn Westerlund

19771979

Simo Vuorilehto

19881992

Mika Tiivola

19791986

Jorma Ollila

19922006

Kari Kairamo

19861988

Olli-Pekka Kallasvuo

20062010

Stephen Elop

20102013