Nokia
Nokia is one of the world’s leading mobile phone supplier and leading supplier of mobile fixed telecommunications networks including related customer services.
It is the world’s second- largest mobile phone maker by 2012 (after Samsung). And the world’s 143rd largest company measured by 2011 revenues according to the Fortune Global 500. Nokia was the world’s largest vendor of mobile phones from 1998 to 2012.
Nokia is a public limited- liability company listed on the Helsinki Stock Exchange and New York Stock Exchange. It is a multinational corporation from Finland with headquarters at Kelaniemi in Espoo near Helsinki.
The company has around 30% global market share of mobile phones with global annual revenue of over 40 billion Euros and over 120,000 employees worldwide.
Nokia was formed in 1967 by the merger of three other companies that made some extremely successful phones like the Nokia 6700 and more recently the Nokia N8.
The company was founded by Fredrick Idestam and Leo Mechelin. The first Nokia Corporation President was, Bjorn Westerlud. The current Chairman of the company is Risto Sillasmaa and President/ CEO is Stephen Elop.
Nokia’s history started in 1865 when Mining Engineer Fredrick Idestam established a ground wood pulp mill on the banks of Tammerkoski rapids in the town of Tampere in South West Finland in the Russian Empire and started manufacturing paper. In 1868, Idestam built a second mill near the town of Nokia, fifteen kilometers west of Tampere by the Nokianvirta River. In 1871, Idestam with the help of his close friend Statesman Leo Mechelin renamed and transformed his firm into a share company, thereby founding the Nokia Company.
Towards the end of the 19th century, Mechelin’s wishes to expand into electricity business were at first thwarted by Idestam’s opposition. However, Idestam’s retirement from the management of the company allowed Mechelin to become the chairman of the company (from 1898 until 1914) and sell most shareholders on his plans, thus realizing his electricity generation to its business activities.
In 1967, Finnish Rubber Works, Finnish Cable Works and Nokia merged to form a new industrial conglomerate, Nokia Corporation.
The new company produced car and bicycle tires, footwear, communication cables, televisions, PC, robotics, electricity generation machinery, capacitors, military communications and equipment, plastics, aluminum and chemicals.
In the 1970s Nokia become more involved in the telecommunications industry, developing Nokia DX200, in 1984 developed a version of the exchange for the Nordic Mobile Telephony.
In 1979 the merger of Nokia and Salora resulted in the establishment of Mobira OY. Nokia bought Salora OY in 1984 and branded it Nokia-Mobira OY which was the first transportable phones.
In 1987, Nokia introduced one of the world’s first handheld phones, the Mobira Cityman 900 for NMT-900 networks.
Nokia-Mobira later became Nokia Mobile phones. Nokia was one of the key developers of GSM which could carry data as well as voice traffic.
Eventually the company decided to leave consumer electronics behind in the 1990s and focused solely on the fastest growing segments in telecommunications. Nokia Tyres, manufacturer of tires, split from Nokia Corporation to form its own company in 1988.
The company delivered its first GSM network to the Finnish operator Radiolinja in 1989. The world’s first commercial GSM call was made on 1 July 1991 in Helsinki, Finland over a Nokia- supplied network by then Prime Minister of Finland Hani Holkeri, using a prototype Nokia GSM phone.
During the rest of the 1990s, Nokia divested itself of all it’s non-telecommunications businesses.
In 1992, the first GSM phone, the Nokia 1011 was launched. The model number refers to it’s launch date, 10 Nov. it was followed by Nokia 2100 series in 1994.
In 2003, Nokia launched it’s Nokia 1100 handset with over 200 million units shipped. Popular Nokia 3310 sold between 2000 and 2003, it is arguably the best known mobile phones.
Website: www.nokia.com
Visiting address: Keilaladentie 2-4, FL- 02150 Espoo
Postal address: P.O.BOX 226, FL 00045 Nokia Group, Finland
Telephone: +358 (0) 0112038-9
Source: Nokia Phones, Wikipedia
Published under: Top Organizations in The World
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