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
