nokia

Nokia
This article is about the telecommunications company. For the mobile phone manufacturing division that was once owned by Nokia, see Microsoft Mobile. For other uses, see Nokia (disambiguation).
Nokia Corporation

Logo since 1966

Main entrance of Nokia headquarters in Espoo
Type
Julkinen osakeyhtiö
(Public company)
Traded as Euronext: NOKIA
Nasdaq Helsinki: NOKIA
NYSE: NOK
Industry Telecommunications equipment
Computer software
Founded May 12, 1865; 151 years ago Tampere, Grand Duchy of Finland
incorporated in Nokia (1871)
Founders
Fredrik Idestam
Leo Mechelin
Eduard Polón
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
Revenue €23.22 billion (2015)[2]
Operating income
€5.453 billion (2015)[3]
Profit €1.68 billion (2015)[3]
Total assets €45.06 billion (2015)[3]
Total equity €9.44 billion (2015)[3]
Number of employees
114,256
Subsidiaries Nokia Networks
Nokia Technologies
Alcatel-Lucent
Nokia Bell Labs
Slogan Connecting People
Website Nokia
Nokia Corporation[4] (Finnish: Nokia Oyj, Finnish pronunciation: [ˈnokiɑ], UK /ˈnɒkiə/, US /ˈnoʊkiə/), 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.[3] Nokia is a public limited-liability company listed on the Helsinki Stock Exchange and New York Stock Exchange.[5] It is the world's 274th-largest company measured by 2013 revenues according to the Fortune Global 500.[6] The company is a component of the Euro Stoxx 50 stock market index.[7]

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.[8] 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.[9][10] 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.[11]

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 Here Maps division, its foray in virtual reality, and the acquisitions of French telecommunications company Alcatel-Lucent and digital health maker Withings in 2016.[12][13] From late 2016, Nokia's name will return to the mobile phone market through HMD global.