Nokia Corporation (Finnish: Nokia Oyj, Finnish pronunciation: is a Finnish multinational communications
and information technology company, founded in 1865. Nokia is
headquartered in Espoo, Uusimaa, in the reater 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. Nokia is a public limited-liability
company listed on the Helsinki Stock Exchange and New York
Stock Exchange. It is the world's 274 th-largest company measured by 2013
revenues according to the Fortune Global 500. The company is a
component of the Euro Stoxx 50 stock market index.
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. 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 smart phone 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 smart
phones. Its mobile phone business was eventually bought by Microsoft in an
overall deal totaling €5.44 billion (US $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.
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
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