Nokia

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This article is about the telecommunications company. For the mobile phone manufacturing division
that was once owned by Nokia, see Microsoft Mobile. For the company that develops mobile
devices under the "Nokia" brand name, see HMD Global. For other uses, see Nokia
(disambiguation).
Nokia Corporation[3] (Finnish: Nokia Oyj, Finnish pronunciation: [noki], UK /nki/, US /noki/),
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.[1] 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. [2] Nokia is a public limited
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 and is a
component of the Euro Stoxx 50 stock market index.[5][6]
The company has had various industries in its 151-year history. It was founded as a pulp mill, and
now focuses on large-scale telecommunications infrastructures, and technology development and
licensing.[7] 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 eventually overshadowed by competitors. Nokia eventually entered
into a pact with Microsoft in 2011 to exclusively use Microsoft's Windows Phone platform on future
smartphones. Its mobile phone business was eventually bought by Microsoft in an overall deal
totaling $7.17 billion.[8][9] 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 25 April
2014.[10]
After the sale of its mobile phone business, Nokia began to focus more extensively on its
telecommunications infrastructure business, marked by the divestiture of its Here Maps division, its
foray in virtual reality, and the acquisitions of French telecommunications company Alcatel-
Lucent and digital health maker Withings in 2016,[11][12] whilst the Nokia name will return to the mobile
phone market through HMD Global.